WASHINGTON —  State and local government issuers with pension obligations that could either affect their ability to pay debt service or hurt their financial condition should consider disclosing more pension information in their official statements, the Government Finance Officers Association said in a new best practice document.

The document, recently approved by GFOA’s executive committee, says that for more extensive pension disclosures issuers should refer to guidance published in May by the National Association of Bond Lawyers. NABL worked on that guidance for more 15 months with a dozen muni market groups, including GFOA.

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