02
Jul
2012

Public pension plans — from bad to a whole lot worse

Categories: National Developments
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The Los Angeles Times article reports on the impact of just released Government Accounting Standards Board (GASB) new pension accounting and reporting rules on local governments. These rules go into effect in 2014 and are intended to increase transparency by requiring local governments to recognize pension costs earlier, make more conservative projections, and reveal the assumptions used when calculating funding levels. Read the full article here…

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