Moody's: Tennessee 2014 pension reform will ease funding burden on state and its municipalities
New York, December 21, 2016-- The State of Tennessee has significantly reduced its pension risk, and that of many local governments, using a 2014 reform bill that shifted new employees to a different retirement plan, positioning the state to maintain its relatively low pension costs and unfunded liability, Moody's Investors Service says. The reforms will help keep Tennessee's unfunded pension liabilities manageable by partially shifting asset performance risk to newly hired...
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