Great story from the BondBuyer.com
SEC Commissioner Dan Gallagher
Small section from the story
Securities and Exchange Commission member Daniel Gallagher said Thursday that pension and other post-employment benefit liabilities need to be made more transparent for investors, and argued for a universal “disclosure baseline” that all cities should use.
Gallagher, who has been outspoken on his interest in the muni market and who told The Bond Buyer last year that he had taken a “blood oath” to keep the SEC’s attention on munis,
Bottom line is that unfunded OPEB and Pension liabilities will become more transparent to bond rating companies.
