Moody's Investors Service has identified 10 states whose overwhelming public pension burden is even worse than previously thought.
The findings are the result of new methodology that Moody's says achieves greater transparency and comparability. Moody's ranks a state's adjusted net pension liability by calculating the ratio of ANPL as a percentage of governmental revenues.
The 10 states in the most trouble are (alphabetically): Colorado, Connecticut, Hawaii, Illinois, Kentucky, Louisiana, Maryland, Massachusetts, New Jersey and Pennsylvania.
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