Moody's Investors Service highlights the disparity between pension liabilities for municipalities and corporations, in a report released Thursday. Among the 50 largest U.S. local governments, pension liabilities as a percentage of total debt (including pensions) was 49%, compared to 24% for the 50 largest U.S. corporate defined benefit plan sponsors.
Among the largest local governments, Los Angeles and Los Angeles County topped the list with the highest adjusted net pension liability as a percentage of total debt – at 91% and 90%, respectively.
