New York, March 12, 2015 -- Even after substantial pension reform that was upheld by the state's highest court, pension contributions by the State of Colorado and its local governments continue to trail actuarial recommendations, driving up future costs and increasing unfunded liabilities, says Moody's Investors Service. Moody's places Colorado's FY 2013 adjusted net pension liabilities at $17.3 billion, equal to 93% of state revenues and 16th highest among US states.

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