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The issue is a huge one: Of the city's $18 million in long term liabilities, roughly $10 million is owed to pensions and other employee benefits.
This is the sum total of current liabilities and long term liabilities.
Similar(58)
Such revealed identities are long-term liabilities.
Investment returns matter, therefore.Catastrophe losses and rising long-term liabilities have added to insurers' problems.
Long-term liabilities are estimated to be as high as $20 billion.
Governments may not want to add to their unfunded long-term liabilities.
Pension funds need such assets to balance their long-term liabilities.
Detroit filed for bankruptcy last summer, citing $18bn in unmanageable long-term liabilities.
Who will take on the long-term liabilities of the regulated utilities notably, their nuclear-power plants?
A pension fund, with predictable long-term liabilities, should not normally be invested only in high-risk equities, for example.
Insurers and pension funds have expanded their exposure to long-term bonds, but they also have long-term liabilities.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com