CHICAGO - Underwriters interested in competing for a spot on Milwaukee County's proposed pension obligation sale to wipe out a portion or all of its $406 million unfunded liability have until April 3 to submit proposals.

The county has won the state legislative changes needed to advance the deal and a county POB working group is formalizing a plan to bring before the county board. If the group recommends a pension sale and it is approved by the board, the county expects to pick an underwriting team from the proposals submitted. Any deal is also dependent on market conditions.

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