Employee benefits

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.

A handful of government representatives will give advice on 529 plans in the MSRB's Municipal Fund Securities Advisory group.