Local government – New Mexico – Pension burdens will continue to weigh on...
Source: Heather Correia, Roger S Brown, Naomi Richman, Alexandra S. Parker, Moody’s Investors Service, Sector In-Depth, Local government – New Mexico, December 18, 2018 (subscription required)’ Without...
View ArticleLocal government – Illinois: Ability to absorb pension costs supports...
Source: David Levett, Rachel Cortez, Alexandra S. Parker, Moody’s Investors Service, Sector In-Depth, Local government – Illinois, December 14, 2018 (subscription required) Heavy pension burdens have...
View ArticleIllinois (State of) – Pension funding improves, but lags other states due to...
Source: Ted Hampton, Thomas Aaron, Timothy Blake, Moody’s Investors Service, Issuer Comment, State government – Illinois, December 18, 2018 (subscription required) Illinois’ (Baa3 stable) pension...
View Article2018 NCPERS Public Retirement Systems Study
Source: National Conference on Public Employee Retirement Systems and Cobalt Community Research,January 30, 2019 From the press release: Fueled by strong investment returns, public retirement systems...
View ArticleRetirement Security: Alternate Price Indexes for Cost-of-Living Adjustments...
Source: U.S. Government Accountability Office (GAO), GAO-19-218R: Published: Jan 28, 2019. Publicly Released: Jan 28, 2019. From the summary: Cost-of-living adjustments can help ensure that federal...
View ArticleReDefined Contribution Plans: 2018 Defined Contribution Language Study
Source: Invesco, 2019 (subscription required) From the executive summary: Despite the great strides plan sponsors have made over the past 30 years in providing participants with in-depth education,...
View ArticleState and local government – US: Retiree benefits drive growth in fixed...
Source: Benjamin J VanMetre, Grayson Nichols, Thomas Aaron, Rachel Cortez, Alexandra S. Parker, Moody’s, Sector In-Depth, February 5, 2019 (subscription required) Fixed costs — the combination of debt...
View ArticleState and local government — US: Market volatility underscores risk of high...
Source: Thomas Aaron, Timothy Blake, Moody’s, Sector In-Depth, February 20, 2019 (subscription required) Equity market losses in late 2018 will translate into larger than expected pension cost hikes in...
View ArticleIllinois Budget Proposal Places Risky Bets On Asset Transfers and Graduated...
Source: S&P Global Ratings, February 22, 2019 (subscription required) S&P Global Ratings believes that Illinois’ (BBB-/Stable) executive budget proposal precariously balances the current...
View ArticlePension Brief: Are Asset Transfers A Gimmick Or A Sound Fiscal Strategy?
Source: S&P Global Ratings, February 19, 2019 (subscription required) (Editor’s note: This publication marks the start of a series of short comments on credit matters of interest in the municipal...
View ArticleOPEB Brief: The Credit Impacts Of OPEB Obligation Bonds
Source: S&P Global Ratings, March 11, 2019 (subscription required) Other postemployment benefit (OPEB) underfunding of obligations is pervasive across U.S. state and local governments, and costs...
View ArticleLump-sum Pension Payments: Who Are the Winners and Losers?
Source: Olivia S. Mitchell and Elizabeth Kennedy, Knowledge@Wharton, April 2, 2019 The U.S. Treasury department’s move last month to allow private companies to pay lump-sum pension payments to retirees...
View ArticleManaging the Conflicting Interests of Workers and Shareholders: Evidence from...
Source: J. Adam Cobb, ILR Review, Volume: 72 issue: 3, May 2019 (subscription required) From the abstract: Whereas research on corporate governance typically attends to the conflicting interests...
View ArticlePensions and retiree healthcare challenge some of the largest mass transit...
Source: Thomas Aaron, Timothy Blake, Moody’s, Sector In-Depth, April 11, 2019 (subscription required) Pensions and retiree healthcare pose a credit risk for some of the largest mass transit...
View ArticleGrowing school pension burdens will require more state support
Source: Matthew Butler, Joshua Grundleger, Emily RaimesMoody’s, Sector In-Depth, State government – US, April 9, 2019 (subscription required) Recent actions by states signal growing recognition that as...
View ArticleCalifornia: Revised budget increases funding for school districts and...
Source: Helen Cregger, Eric Hoffmann, Leonard Jones, Moody’s, Sector Comment, Public K-12 school districts and community colleges, May 22, 2019 (subscription required) On May 9, California Governor...
View ArticlePensionomics 2018: Measuring the Economic Impact of Multiemployer DB Pension...
Source: Diane Oakley, Ilana Boivie, National Institute on Retirement Security, Issue Brief, January 2019 From the abstract: This study analyzes data on specific private sector pension plans (referred...
View ArticleIllinois Pension Consolidation: A Path Forward Or A Road To Nowhere?
Source: S&P Global Ratings, May 14, 2019 (subscription required) – Illinois is considering consolidating numerous single-employer public safety plans as a possible remedy to its pension woes; –...
View ArticleKansas (State of) – Retained pension funding, vetoed tax relief are credit...
Source: Matthew Butler, Moody’s, Issuer Comment, June 6, 2019 (subscription required) On May 29, the Kansas legislature voted to override several spending vetoes that Governor Laura Kelly made when she...
View ArticleUS Public Pension Landscape Series
Source: Thomas Aaron, Timothy Blake, Moody’s, Sector In-Depth, June 14, 2019 (subscription required) Many US states and local governments, though certainly not all, face heightened credit challenges...
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