New accounting rules - muni bond investors

[obgyn65]

"The Sisyphean task of funding U.S. state and local-government retirement plans, a hidden risk for municipal-bond investors, will get even more daunting under proposed new accounting rules"

Governments Belatedly Put Pension Deficits on Their Books - Bloomberg

I stopped buying munis a few months ago.

 

[MichaelB]

These are not proposed rules, they are new regulations in the implementation phase, and they govern how state and local governments must account for retirement liabilities and funding. I have large holdings in munis and added earlier in the year.