FASB has issued Statement no. 158, Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans, to reform accounting for pension and other postretirement benefit plans. The new ...

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 ...

They’re cut, dried and dense. Accounting rules are something only a bean counter could love. But they can also repaint the landscape of municipal finance. That’s likely to be the case with new pension ...

Balance sheet, check. Shining a light on hard-to-value assets, check. Quarterly reports, fuhgettaboutit! Here’s a flash for you folks who’ve been staying up nights worrying that pension gains and ...

The Governmental Accounting Standards Board issued guidance Monday addressing several practical issues raised by stakeholders during implementation of GASB’s pension accounting and financial reporting ...

The Governmental Accounting Standards Board voted Monday to approve two new standards to improve the accounting and financial reporting of public employee pensions by state and local governments.

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 Government Accounting Standard Board's accounting rules for public pension funds need to be revamped, says a new study from the National Conference on Public Employee Retirement Systems. The study ...

Keywords: Pension Accounting; Defined Benefit Pension Plans INTRODUCTION Postretirement benefits, specifically pension benefits, pose significant problems for employers and cause concern for millions ...

Across the country, debates over the appropriate level of public-employee compensation are ongoing. Due to the recession, governments at every level are seeking to reduce budget deficits, and public ...

Pension liabilities reported by California’s largest pension fund (CalPERS) rose nearly 5x in just 20 years, from less than $100 billion in 1997 to nearly $500 billion by 2017. Those liabilities were ...