The Undollar Digest

New rules expose bigger funding gaps for public pensions

Michael A. Fletcher 08/16/2012 www.washingtonpost.com

Already-strapped state and local governments are coming under increasing pressure to reduce pension benefits or increase taxpayer contributions that help pay for them because of new rules that would require them to report those obligations more honestly, advocates say.
The latest rules come on line from the bond-rating firm Moody’s at the end of this month. [...]


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