Issuance of pension obligation bonds (POBs) to fund PERS…
Seaside School District 10Oregon- Detected
- Oct 1, 2026
- 32 days ago
- Sector
- Payroll and Pension
- Est. value
- Free account
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THE 30-SECOND BRIEF
Issuance of pension obligation bonds (POBs) to fund PERS liability and create a successor side account.
Explicit: The district previously issued POBs in 2005. The current side account expires in December 2027. Current interest rates are too high for immediate issuance, but the district is preparing for future opportunities. The unfunded liability is projected at $21 million.
From the meeting
- Source
- 2026-09-29 Work Session of the School Board
- Meeting date
- October 1, 2026
- Agency
- Seaside School District 10
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