Pittsburgh officials say they are ready to emerge from eight years of state oversight, but how the city handles pension liability could determine when it exits.

Mayor Luke Ravenstahl and other city leaders on Tuesday trumpeted cost containment, rating improvements and debt reduction before the Intergovernmental Cooperation Authority, one of two oversight vehicles in the western Pennsylvania city of 307,000. Pittsburgh also belongs to the state’s distressed communities program, commonly known as Act 47.

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