WASHINGTON — The Government Finance Officers Association is urging Moody’s Investors Service to refrain from moving forward with its proposal to change its analysis of public-sector pension data and recalculate the pension liabilities of state and local governments.

“Now that the new [Governmental Accounting Standards Board pension accounting] standards have been issued and implementation is about to begin, the GFOA believes there is no benefit to be derived from introducing a competing methodology for measuring pension liabilities and cost,” the group’s executive director, Jeff Esser, said in a four-page letter to the rating agency.

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