Regional News
Lexington, Ky., and Unions Reach Consensus on Pension Plan Reform
Wednesday, January 30, 2013
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In Lexington, Ky., elected officials and union representatives may have set the stage for a new level of dialogue on how to solve unfunded pension liabilities using a public process and consensus to overhaul the city's police and fire pension system.

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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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