Pension Obligations

RECENT NEWS
New York Times  Apr 10  Comment 
A commission delivered a scathing verdict on the civic health of the city, citing widespread poverty, huge pension obligations and paralyzing traffic with no solution in sight.
guardian.co.uk  Mar 13  Comment 
Scale of health and pension obligations has not been made clear to taxpayers, says free-market Institute of Economic Affairs UK taxpayers were being kept in the dark about the large scale of spending cuts or tax rises needed to fund future...
Wall Street Journal  Feb 18  Comment 
Ford says it should be able to satisfy pension obligations with a $500 million to $700 million contribution annually from 2017 on.
SeekingAlpha  Dec 15  Comment 
By David Klein: Past comments on various Frontier Communications (FTR) articles have expressed concern the funding gap in the retirement and pension funds would start eating into cash required for capital expenditures, debt reduction and the...
New York Times  Oct 23  Comment 
Mayor Rahm Emanuel says the small cuts for 2014 won’t address pension obligations in the city’s 2015 budget.     
MarketWatch  Apr 17  Comment 
Credit rating agency Moody's Investors Service revised its methodology for analyzing municipal pension obligations Wednesday, in the process placing the credit ratings of $12.5 billion in municipal securities under review for possible downgrade....
NPR  Apr 1  Comment 
A federal judge's ruling means the California city will become the largest ever to enter into bankruptcy. But the bankruptcy judge did not decide on the question of whether Stockton has to rethink its pension obligations.
Forbes  Mar 12  Comment 
Yesterday, the Securities and Exchange Commission charged Illinois with securities fraud for misleading municipal bond holders about the scope of its pension obligations.  "Time after time, Illinois failed to inform its bond investors about the...
Clusterstock  Mar 11  Comment 
The SEC announced a settlement with Illinois for allegedly misleading munibond investors about its pension obligations, according to a release from the agency. The SEC says the state failed to mention its pension obligations would by statute be...
Reuters  Jan 29  Comment 
The U.S. Pension Benefit Guaranty Corp has sued Renco Group Inc for $97 million, accusing it of trying to avoid the pension obligations of bankrupt steelmaker RG Steel LLC, a court...




 
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