Moody's: Hatch's SAFE bill would benefit U.S. life insurers
July 16, 2013 by Michael K. Stanley
Senator Orrin Hatch’s Secure Annuities for Employee (SAFE) Retirement Act would benefit the life insurance industry, Moody’s Investors Service found in their most recent credit outlook released one week after the bill was introduced in the Senate.
The bill, introduced on July 9, would allow the private market to assist state and local governments with their pension liabilities. Currently, these plans are woefully underfunded with varying ominous estimates being released as of late. Click here to read…