Norwich to consider Pension Obligation Bonds this November
In August, the Norwich City Council adopted an ordinance in the amount of $145,000,000 in connection with the issuance of general obligation pension bonds to fund the liabilities of the City of Norwich Employees’ Retirement Plan. The Council also voted to submit the appropriation and bonding authorization to the voters of Norwich for approval at a referendum to be held in conjunction with the November 2, 2021 election.