GFOA Committees Affirm Guidance That State and Local Governments
Should Not Issue Pension Obligation Bonds

The Government Finance Officers Association’s (GFOA) Committee on Retirement and Benefits Administration Chair Sandy Matheson, Executive Director, Maine Public Employees Retirement System, Augusta, Maine, and Vice Chair Darlene Malaney, Special Projects Manager, Collier County Clerk of the Circuit Court & Comptroller, Naples, Florida, along with GFOA’s Committee on Governmental Debt Management Chair Kathy Kardell, Debt Manager, Hennepin County, Minnesota, and Vice Chair Tim Ewell, Chief Assistant County Administrator, County of Contra Costa, California, affirm that GFOA’s guidance on issuing pension obligation bonds (POBs) remains current.

• Publication date: February 2021