Employee benefits

The downgrade of Kaweah Delta Health Care District's revenue bonds to Ba1 affected $218 million of debt.

Chicago is leading the pack in pension fund problems.

New Jersey and Illinois have the lowest state bond ratings. But all three states have been ramping up pension contributions, according to S&P Global Ratings.

S&P Global Ratings says that without funding reform, New Jersey's pension system may continue to negatively impact the state's credit outlook for decades.

The acquisition of Cancer Treatment Centers of America in February was cited for the downgrade along with City of Hope's financial weakness over the past two years.

ProMedica's senior living division has suffered deep pandemic-related fiscal wounds while its hospitals' recovery was set back by the Omicron variant.

Oregon State Hospital's Junction City campus has three months to correct problems after an investigation revealed lax supervision.

Mayor Jorge Elorza said the reworked bond proposal was better than the larger one put before the state Legislature last year.

The previously unrated Santa Cruz Metropolitan Transit District will be the first transit agency to price debt to cover pension liabilities when it hits the market Wednesday.

Some firms are voluntarily self-reporting potential supervisory and suitability rule violations.

Compliance input and advisory group submissions are due by Dec. 13th

Having earnestly settled with every major constituency, it is time for the Board to do the right thing by abandoning unnecessary pension cuts and freezes.

Municipal issuers with the biggest threats from physical climate risk also have the largest liabilities for carbon transition.

Other post-employment liabilities are more material problems for one in ten state and local governments, according to Moody's Investors Service.

Moody's says that the pension system will likely run out of money in fiscal year 2024.

Moody's Investors Service notes that the new two-tier pension system will not immediately decrease Kentucky's high unfunded pension liabilities.

The funding would come on top on multi-billion measures proposed by lawmakers — and a $100 billion in spending included in President Joe Biden’s infrastructure plan.

Tax-exempt bonds issued for a private hospital system in Honolulu fell further into junk territory with S&P Global Ratings downgrading the bonds to CCC from B-minus.

S&P says Trinity's efforts to shed the fiscally struggling Mercy poses benefits and risks but the hospital is a small piece of the national not-for-profit's overall portfolio.

California teachers cited the risk of exposure to COVID-19 and the challenges of remote teaching as reasons for retiring early.