The Governmental Accounting Standards Board has issued two exposure drafts proposing improvements to financial reporting of pensions by state and local governments. The two documents, “Accounting and ...

Mr. Chairman and Members of the Board, Thank you the opportunity to testify with regard to the Board’s guidance concerning accounting for public sector pension plans. My comments are my own and do not ...

The topic of defined benefit plans, pensions for retired employees, is not as glamorous as discussing earnings, earnings growth, return on assets, return on investments, cash flows, etc. But it is an ...

You want to refinance your home. The bank requires an appraisal to determine the current value. The appraiser uses data from 2019. Would you feel good about that? Or let’s say you want to sell your ...

The path to where we are today regarding generally accepted accounting principles for public pension plans, with the advent of the Governmental Accounting Standards Board in between, is probably worth ...

July 8, 2011 – WASHINGTON (Reuters) - The accounting board for U.S. state and local governments is set to propose on Friday radical reforms to the disclosure practices of public pension systems. The ...

NEW YORK – It may sound arcane, but a planned overhaul of the way companies keep their books on pensions and retiree health care plans could come at a very real cost to workers counting on those ...

The bursting of the stock market bubble has left many private defined benefit pension plans underfunded, raising some concerns about the effects on cash flows and, for a few firms, on financial ...

GASB issued financial reporting guidance Monday that is designed to address practice issues raised during implementation of the board’s new pension accounting standards for state and local governments ...

Forbes contributors publish independent expert analyses and insights. Elizabeth Bauer is an actuary who writes about retirement policy. In the corporate pension world, there are two types of actuarial ...

The pension accounting world before 1987 was a wild place, very similar to the western town in the Mel Brooks classic, Blazing Saddles. Before a sheriff was appointed to bring order, the peaceful town ...

Under a required change in accounting practices, Los Angeles County’s projected long-term debt has doubled to $20 billion, largely the result of unfunded employee pension obligations, officials said ...