Public pension liabilities: More than meets the eye

This is a good time to help clients review exposures to credit risks in municipal bonds. An ongoing debate in the muni market centers on how state and local governments report unfunded pension liabilities.

By Rich White | Updated on December 14, 2011

This is a good time to help clients review exposures to credit risks in municipal bonds. An ongoing debate in the muni market centers on how state and local governments report unfunded pension liabilities. If changes proposed by the Government Accounting Standards Board (GASB) are implemented, some public entities may need to report far larger shortfalls in pension funding.

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