We refinanced the City of Rhinelander’s Wisconsin Retirement System debt, for years, the City had been making the minimum payments that did not even cover the interest, and consequently the debt had been growing and would continue growing at a stupid interest rate. This debt arose from when local governments joined WRS for preexisting obligations. We refinanced the debt and amortized it so that it will eventually be paid off, saving the City over $1million in interest costs.