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While there are pension accounting standards, they allow plans to make more aggressive assumptions about how well they're funded than in the private sector.
January 4 -
The proposal involves how to define the criteria for the component units in pension plans and deferred compensation plans for state and local government employees.
March 9 -
The 50 states have accumulated a combined $1.5 trillion in debt related to pension and other post-employment benefits, while elected officials claimed balanced budgets.
October 8Truth in Accounting -
Truth in Accounting wants pension and retirement benefit costs included in state and local government reporting.
March 8 -
The Governmental Accounting Standards Board has released implementation guidance with questions and answers to explain and elaborate on some of its recent standards.
May 22 -
Illinois residents could enjoy lower taxes if their squabbling leaders tackle the debt-riddled state’s biggest problem — its massively underfunded pension system. But that’s a big if.
April 13