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Retirement Groups to Moody's: Pension Proposals Will Reduce Transparency

Two retirement administrative groups are urging Moody's Investors Services to delay its proposed changes to analyzing public sector pension data, saying it will increase confusion and reduce transparency of pension liabilities.

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Comments (1)
These comments by interested parties appear to be self serving. Shocking! How is transparency improved if Moody's uses different discount rates for obligations stretching out decades in the future? The real objection, of course, is to have a credible, third party, non-interested observer opine that under reasonable assumptions future pension obligations are way more onerous than advertised.
Posted by mdwjr | Tuesday, October 02 2012 at 9:55AM ET
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