The Ho
lland City Council approved issuance of up to $22 million in bonds to pay a portion of the Unfunded Accrued Liability (UAL) for the divisions 20 & 50 defined benefit pension groups, which are closed to new hires as a result of collective bargaining agreements with the police and fire unions. In accordance with Act 329, a Comprehensive Financial Plan was prepared and adopted by the City Council on November 1, 2017. For more information, please contact the Finance Office.