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Pension Reformer Honored

JAN 6, 2012 10:01pm ET

Rhode Island General Treasurer Gina Raimondo, who championed the state law that changed the pension system for public employees, received the 2011 Urban Innovator Award from the Manhattan Institute for Public Research.

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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.

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