Regional News
Texas Pension Systems Stable, Mostly Healthy, Comptroller Says
Wednesday, December 5, 2012
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Large state pension plans in Texas are financially stable but local government retirement programs would benefit from more transparency, Comptroller Susan Combs said Tuesday.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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