The Bond Buyer: Spike in pension liabilities not expected to spark wave of insolvencies
07/21/2022
The 2022 stock market decline is projected to push the unfunded liabilities of state-run pension systems to $1.3 trillion for the fiscal year, completely undoing gains achieved in 2021, according to a Reason Foundation analysis. “The risk of pension plan insolvency exists only in the medium-term for a handful of entities,” Tom Kozlik, head of municipal strategy and credit at HilltopSecurities, said.