Baltimore County officials are asking the County Council to approve the issuance of $255 million in bonds to fund the pension system.
County Administrative Officer Fred Homan told the council during a Tuesday lunch briefing that he wants to use the money to invest in the pension system.
"There are market risks to a pension bond deal," Homan said, adding that the risk is not achieving the 4.25 to 4.5 percent rate of interest the county believes the bonds will sell for.
Currently, the nearly $2 billion pension system is funded at nearly 77 percent.
Homan said the move is expected to lower long-term pension system costs over the next 30 years.
The request will be part of a two-bill package introduced Monday night with a vote expected in October.
Homan is expected to later Tuesday afternoon following a council work session.
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