S&P: Single-Employer Pensions Can Strain Illinois City Budgets
Poor discipline, an inability to reform, and demographics at public safety officer pensions could hurt municipalities’ credit.
The deal will create one of the most significant mergers of its kind, the plans say.
Regional equity gains, as well as currency increasing against a declining US dollar, helped the asset classes surge in second quarter.
Funded levels fluctuated from 85% down to 72% and back up to 82% during first six months of the year.