How-to, Guide or Manual

"Benefits Bonds" and Their Place in Today's Market

Benefit bonds can be a useful tool for some governments in addressing unfunded pension and OPEB liabiliites. This brief white paper by PFM provides an overview of how benefit bonds work and the impacts that any city conidering their use should review. Benefit bonds should be used as part of a comprehensive strategy for addressing pension and other post-employment benefit liabilties and may not be the most effective tool for all governments.