Some states may face a severe pension fund reckoning, but the problems are manageable if lawmakers act now to address them through a combination of increased contributions and benefit cuts, according to Loop Capital Markets LLC.
“The state pension funding problem, while severe, is nonetheless still solvable,” Christopher Mier, Loop’s lead municipal strategist, said in an interview Thursday, a day ahead of the release of the firm’s annual pension funding review. The eighth annual report is among several topics that will be discussed during a conference call for issuers and investors hosted by Loop analysts Friday afternoon.
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