04
Jun
2012

GASB Pension Rules: Sticker Shock Less Likely

Categories: California Developments,National Developments,OPEB/GASB 45/75
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New public pension accounting rules scheduled to be issued next month, once expected by some to reveal massive hidden debt, now seem less likely to trigger a shake-up and are even getting applause from pension officials. Under the new rules, experts say, most California pension systems will make little if any use of a lower “risk-free” government bond-based earnings forecast, currently about 4 percent, that causes debt to soar.

http://calpensions.com/2012/05/29/gasb-pension-rules-sticker-shock-less-likely/

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