Saturday, June 29, 2013

Ratings Service Moody's Finds Pension Shortfall

Ratings Service Moody's Finds Pension Shortfall - NYTimes.com:
"Moody’s Investors Service, dissatisfied with the way states measure what they owe their retirees, released its own numbers on Thursday, showing that the 50 states have, in aggregate, just 48 cents for every dollar in pensions they have promised.
That is much less than the 74 cents on the dollar that the states now report, "

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