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Pension bonds are a short-term strategy that carry long-term risk

NOVEMBER 5, 2020 | ARNOLD VENTURES

Includes “… ‘Pennsylvania has taken a lot of medicine over the past decade, but it’s starting to turn the corner,’ Mennis says. ‘It’s no longer included in the conversations about the worst-funded plans with New Jersey and Illinois.’ … Even if a state can take some heat off its pension problems by issuing bonds, it will only get back into trouble if it uses the improved picture as an excuse not to keep paying.”

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