Thu, 17 Jan 2013
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Morningstar's Christine Benz highlights key considerations in the decision to annuitize a pension or take a lump-sum payout.
With vast differences in funding levels across states, muni investors need to carefully consider the impact of pension obligations when assessing muni-credit worthiness, says Morningstar's Rachel Barkley.
Washington, D.C., leads city pension health while New York and Chicago face thousands in unfunded liabilities per capita, says Morningstar municipal credit analyst Rachel Barkley.
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