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Oakland City Auditor - "Benefits and Challenges of Issuing Pension Obligation Bonds"

 
from Courtney A. Ruby, Oakland City Auditor 
 

Dear Oaklanders:

Today I would like to share with you a special report that evaluates the benefits and challenges of issuing Pension Obligation Bonds (POBs) to fund a one-time contribution to the Police and Fire Retirement System (PFRS) trust fund. I commissioned this report after City staff presented an analysis to the Finance and Management Committee this past spring.

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