Pension Burdens Of 50 Largest Local Governments Hit 147% Of Revenue: Moody'sBala Murali Krishna
Pension burdens have outstripped outstanding debt at a majority of the 50 largest local governments, according to Moody’s Investors Service. What’s more, the liabilities, which aggregated $367 billion in fiscal 2015, is expected to rise 40% to $513 billion in fiscal 2017 because of a poor investment climate.
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible