TITLE

Panelists: Pension Obligations Put Pressure on Governments

AUTHOR(S)
O'Brien, Elizabeth
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/30/2004, Vol. 350 Issue 32019, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on pressure of pension obligations on governments in the U.S. Pension plans suffered in fiscal years 2001, 2002,and 2003 have forced increased contributions from employers, which have put escalating pressure on government budgets nationwide, according to panelists at this newspaper. Panelists pension obligation bonds are a risky tool, and state and local governments must carefully weigh the credit implications and market conditions before taking such a step. Market timing is critical to such a consideration.
ACCESSION #
15256298

 

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