Pensions & Investments website has an article about the impact of public pension plans and the impact on state budgets. Additionally, the article cites a recent publication by Standard & Poor’s about state pension plans, GASB 67 and 68 and the impact on ratings.
The article also discusses pending pension bond issues from some states. These states (e.g. Kansas & Kentucky) are considering issuing pension bonds and making the bet that market returns on the pension plan investments will exceed the cost of issuance of the bonds.
