Pension obligation bond

The board has identified more than 110 out of 490 local units of government as having an underfunded pension plan or retirement health care plan — or both.

The Municipal Stability Board gave more than 100 local governments until November to come up with a plan for their underfunded retirement plans.

The state legislature passed a bill to lower the state’s pension bond authority to $1.5 billion from $5 billion.

La Verne, California expects to price the bonds before the end of June.

Alaska's credit quality and the future of some existing and proposed bonding programs hang in the balance as lawmakers wind down the clock in Juneau.

Failure at the ballot may require Omaha Public Schools to lean more on its general fund dollars for repairs needed to keep schools fully operational.

The state, after multiple rating downgrades and facing budget strife, declining revenue and a pension funding dispute, plans a GO new-money and refunding sale.

Connecticut Treasurer Denise Nappier told lawmakers that Gov. Dannel Malloy's plan to push out payments would violate a bond covenant.

“We’re headed to a place where we don’t necessarily want to be,” said the city's chief financial officer.

With future employee retirement costs expected to grow significantly in the future, La Verne City Council members addressed the shortage.