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.
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