Pension obligation bond

Mayor Rahm Emanuel on Tuesday said he will not seek re-election next year.

The Rahm Emanuel administration told aldermen that a POB could save $6 billion and ease future tax and fee hikes.

Citi's assessment is conditioned on pension obligation bonds being part of a package to tackle the city's pension liabilities.

Chicago is accepting request for qualification submissions to supplement the members of its existing pools.

The city will sell them this year if Rahm Emanuel's administration decides to move forward.

Short term gains would be overshadowed by long-term risks, according to Municipal Market Analytics.

Bond investors had mixed reactions to the city's announcement that it is exploring a pension bond deal.

Securitization or pension obligation bonds are options for the city.

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.