Pensions: Today's promises, tomorrow's credit challenges

As the retiree population quickly rises, the long-term impact of fixed costs are now quite evident pressuring sovereigns, state and local governments across the world to face their pension liabilities head on.

Reports

TYPE

Select...

SECTOR

Select...

REGION

Select...

DATE RANGE

All

258 Documents

Title	Issuer/Entity
East St. Louis (City of) IL: Pension costs threaten ability to provide public services as well as pay debt 30 OCT 2019\|Issuer Comment\|MOODY'S INVESTORS SERVICE East St. Louis' failure to make required contributions to public safety pension funds will cost it state revenue and heighten the chance it can't provide public services as well as pay debt.	East St. Louis (City of) IL
Puerto Rico (Commonwealth of): Extent of pension bondholders' secured claim will impact other creditor recoveries 15 OCT 2019\|Issuer In-Depth\|MOODY'S INVESTORS SERVICE Whether Puerto Rico's pension bondholders' secured claim extends to “pay-as-you-go” pension payments stands to affect not only their recovery, but also that of other bondholder classes.	Puerto Rico (Commonwealth of) Puerto Rico Employees Retirement System
Moody's - US states' pension liabilities fall in fiscal 2018 amid higher investment returns 17 SEP 2019\|Research Announcement\|MOODY'S INVESTORS SERVICE A detailed presentation of Moody's state pension and OPEB medians for fiscal 2018.
State government – US: Medians - Adjusted net pension liabilities decline; OPEB liabilities vary widely 17 SEP 2019\|Sector Profile\|MOODY'S INVESTORS SERVICE A detailed presentation of Moody's state pension and OPEB medians for fiscal 2018.
Moody's - Slowing European reform progress undermines many EU countries' growth prospects 16 SEP 2019\|Research Announcement\|MOODY'S INVESTORS SERVICE Structural reform, which is key to increasing productivity and boosting growth potential, is losing momentum in many parts of the EU.
Sovereigns – Europe: Faltering structural reform momentum undermines long-term growth prospects in many EU countries 16 SEP 2019\|Sector In-Depth\|MOODY'S INVESTORS SERVICE Structural reform, which is key to increasing productivity and boosting growth potential, is losing momentum in many parts of the EU.
Kentucky (Commonwealth of): Kentucky's highest court blocks agencies from leaving pension system via bankruptcy, a credit positive for the state 05 SEP 2019\|Issuer Comment\|MOODY'S INVESTORS SERVICE Kentucky's highest court has ruled that agencies participating in a statewide pension system cannot use bankruptcy to walk away from their share of pension funding responsibilities.	Kentucky (Commonwealth of)
Regional & Local Governments – Mexico: State pension pressures continue to increase despite favorable demographic trends on the horizon 08 AUG 2019\|Sector In-Depth\|MOODY'S INVESTORS SERVICE While most Mexican states have implemented parametric reforms of their pension systems, these have been insufficient to mitigate short-term risks exerted by unfunded pension liabilities.
Sub-Sovereign – Brazil: Brazil's pension reform proposal excludes state pensions, a credit negative 08 AUG 2019\|Sector Comment\|MOODY'S INVESTORS SERVICE The exclusion will delay Brazilian states' fiscal improvements and consequently limit improvements to their credit quality.
US Public Pension Landscape Series 24 JUL 2019\|Sector In-Depth\|MOODY'S INVESTORS SERVICE This series provides a state-by-state, in-depth review of the key issues related to pensions facing state and local governments. An update regarding Texas is the latest addition.

Title	Issuer/Entity
East St. Louis (City of) IL: Pension costs threaten ability to provide public services as well as pay debt 30 OCT 2019\|Issuer Comment\|MOODY'S INVESTORS SERVICE East St. Louis' failure to make required contributions to public safety pension funds will cost it state revenue and heighten the chance it can't provide public services as well as pay debt.	East St. Louis (City of) IL
Puerto Rico (Commonwealth of): Extent of pension bondholders' secured claim will impact other creditor recoveries 15 OCT 2019\|Issuer In-Depth\|MOODY'S INVESTORS SERVICE Whether Puerto Rico's pension bondholders' secured claim extends to “pay-as-you-go” pension payments stands to affect not only their recovery, but also that of other bondholder classes.	Puerto Rico (Commonwealth of) Puerto Rico Employees Retirement System
Moody's - US states' pension liabilities fall in fiscal 2018 amid higher investment returns 17 SEP 2019\|Research Announcement\|MOODY'S INVESTORS SERVICE A detailed presentation of Moody's state pension and OPEB medians for fiscal 2018.
State government – US: Medians - Adjusted net pension liabilities decline; OPEB liabilities vary widely 17 SEP 2019\|Sector Profile\|MOODY'S INVESTORS SERVICE A detailed presentation of Moody's state pension and OPEB medians for fiscal 2018.
Moody's - Slowing European reform progress undermines many EU countries' growth prospects 16 SEP 2019\|Research Announcement\|MOODY'S INVESTORS SERVICE Structural reform, which is key to increasing productivity and boosting growth potential, is losing momentum in many parts of the EU.
Sovereigns – Europe: Faltering structural reform momentum undermines long-term growth prospects in many EU countries 16 SEP 2019\|Sector In-Depth\|MOODY'S INVESTORS SERVICE Structural reform, which is key to increasing productivity and boosting growth potential, is losing momentum in many parts of the EU.
Kentucky (Commonwealth of): Kentucky's highest court blocks agencies from leaving pension system via bankruptcy, a credit positive for the state 05 SEP 2019\|Issuer Comment\|MOODY'S INVESTORS SERVICE Kentucky's highest court has ruled that agencies participating in a statewide pension system cannot use bankruptcy to walk away from their share of pension funding responsibilities.	Kentucky (Commonwealth of)
Regional & Local Governments – Mexico: State pension pressures continue to increase despite favorable demographic trends on the horizon 08 AUG 2019\|Sector In-Depth\|MOODY'S INVESTORS SERVICE While most Mexican states have implemented parametric reforms of their pension systems, these have been insufficient to mitigate short-term risks exerted by unfunded pension liabilities.
Sub-Sovereign – Brazil: Brazil's pension reform proposal excludes state pensions, a credit negative 08 AUG 2019\|Sector Comment\|MOODY'S INVESTORS SERVICE The exclusion will delay Brazilian states' fiscal improvements and consequently limit improvements to their credit quality.
US Public Pension Landscape Series 24 JUL 2019\|Sector In-Depth\|MOODY'S INVESTORS SERVICE This series provides a state-by-state, in-depth review of the key issues related to pensions facing state and local governments. An update regarding Texas is the latest addition.