RECENT NEWS
New York Times  Mar 20  Comment 
A program from the 1960s allowed companies to borrow government money to leverage their pension investments, but decades of deflation have left weaker firms unable to repay the debt.
The Globe and Mail  Jan 4  Comment 
Dropping interest rates send pension obligations soaring last year
The Globe and Mail  Jan 4  Comment 
New York Times  Dec 1  Comment 
The Philadelphia Orchestra, pursuing bankruptcy to shed pension obligations, is only one of the United States orchestras strained financially by promised benefits.
BusinessWeek  Aug 1  Comment 
Central Falls, Rhode Island’s poorest city, sought Chapter 9 bankruptcy protection as it struggles to meet pension obligations.
Wall Street Journal  Mar 2  Comment 
Boise County, Idaho, has filed for municipal bankruptcy protection because of an inability to pay a multimillion-dollar judgment against it.
Barel Karsan  Mar 1  Comment 
What a difference a couple of years makes! In 2009, as the market set low after low, investors were cautioned to be aware of companies with defined benefit pension plans. Since shareholders are on the hook for the pension obligations, any drop in...
CNNMoney.com  Jan 28  Comment 
States' debt loads are high enough, but when you combine them with their pension obligations, the numbers are really eye-popping.
Wall Street Journal  Jan 27  Comment 
Moody's Investors Service has begun presenting the total debt load of the states as a combination of bond debt and unfunded pension obligations. Ratings methodology doesn't change.
Wall Street Journal  Jan 20  Comment 
Media reports that suggest state and local governments could default on their debt or declare bankruptcy because of large budget deficits and unfunded pension liabilities overstate the issue, a nonpartisan policy group said.




 
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