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.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
