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Top and Bottom in City Pension Health

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.

Jason Stipp: I'm Jason Stipp for Morningstar.

Morningstar just released its first city pension report, an inside look at the cost and liabilities associated with the pension plans in the largest U.S. cities.