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U.S. State Pension Liabilities Reach $1.25T And Will Keep Climbing

Moody’s Investor Service has a new report out Friday looking at U.S. state government pension obligations, a growing problem for local governments as liabilities rise in the face of inadequate contributions, low interest rates, and asset underperformance. States' Adjusted Net Pension Liability (ANPL) reached $1.25 trillion in fiscal 2015, writes Moody’s Marcia Van Wagner and her team.
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