Comment on Moody's: Philadelphia has one of largest pension liabilities

Moody's: Philadelphia has one of largest pension liabilities

Philadelphia is paying more in pension payments, as a percentage of its operating budget, than any other major city in the country, a Moody's pension report said. The report, Pension Liabilities Rise for Most of 50 Largest Local Governments, released Friday, shows that in fiscal year 2013, Philadelphia paid 18 percent ($660.6 million) of its $3.7 billion operating budget to its pension fund.

 

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