S&P: Pension Costs Put Squeeze on States

Vadum, Matthew
February 2006
Bond Buyer;2/23/2006, Vol. 355 Issue 32325, p1
Trade Publication
The article reports that unfunded state pension liabilities are squeezing American states' creditworthiness despite their strong revenue performance. State budgets are also being affected by new U.S. government accounting rules that require other post-employment benefits. Aside from the liabilities at nearly $300 billion collectively, escalating education and Medicaid costs are putting pressure on states.


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