Sentences with phrase «pension obligation bonds»

States have used pension obligation bonds as a way to escape temporary budget problems, but the basic problems resurface if the state isn't disciplined enough to continue making pension contributions.

Pension costs, including payments on pension obligation bonds, totaled $ 504 million, the report indicted.

In an era when the pension liabilities of local governments remain a concern, investors may want to consider the debt offered by established public enterprises — airports and utilities, for example — as an attractive alternative to lease revenue and pension obligation bonds.

And, while not part of the budget for education, Illinois must also pay down the portion of the state's annual pension obligation bond payments (POBs) allotted to the Teachers» Retirement System, or TRS, which covers all Illinois elementary - and secondary - school teachers outside of Chicago.

Not exact matches

Judge Klein's decision to overlook the disparate treatment accorded pensioners and capital - market creditors disappointed municipal - bond investors, who had hoped for better treatment in the wake of his Oct. 1 decision that pensions deserved no more protection than other contractual obligations.

Moody's Investors Service downgraded Cook County's general obligation bond rating to A1 from Aa3 due to the county's «growing pension liability.»

Pension funds, insurance companies, banks, and corporations are the biggest customers, buying bonds to have stable sources of cash flows to meet predictable obligations.

Illinois wrestled with its pension obligations all year making headlines but it is general obligation bonds from New Jersey that underperformed the overall market.

For instance, coupon payments for muni bonds sold to fund those activities are federally taxed, with one common example is a bond issued to fund a state's pension plan obligation.