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19.10.2015 23:14:00
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Moody's: Pension underfunding, potential cost shift could increase credit risk for New Jersey's school districts
New York, October 19, 2015 -- Potential pension reforms to fix New Jersey's (A2 negative) chronic teacher pension underfunding could lead to higher credit risk for the state's school districts and their finances, Moody's Investors Service says. A state commission is recommending reforming pensions by creating a new plan to be paid by school districts through savings realized from proposed, concurrent district and municipal health benefit reform.
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