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Moody's Finds Public Pension Plans Lag Corporate Plans in Managing Credit Risk
Pensions & Investments Link to more items from this source
Apr. 11, 2014
"While corporations have federal agencies, accounting rules and shareholders monitoring how well they fund their pension plans and manage the related credit risk, state and local governments do not.... The report notes the 50 largest corporations have a median pension liability as a percentage of total debt (including pensions) of 24%, while the government median is 73% for states and 49% for large local governments. The state data are for fiscal year 2012 and the local government number is based on fiscal 2011 data."

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