Earlier this year, Illinois said it had found a way to save billions of dollars. It would slash the pensions of workers it had not yet hired. The real-world savings would not materialize for decades, ...

The Governmental Accounting Standards Board released a post-implementation review report Monday on its pension standards and found they mostly accomplished their goals. Processing Content The PIR ...

Governments would have to report as a liability on their accrual-based financial statements the unfunded portion of their pension plan under a new proposal. That was contained in a statement of ...

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 ...

Learn how accounting cushions help companies smooth earnings and achieve financial stability by overstating expenses and ...

As bad as the underfunding of state pension plans appears, the economic reality could be much worse, says a vocal faction of actuaries and financial economists. The reasoning goes like this: States ...

First of a three-part series How do you solve a fiscal crisis if you don’t have the right numbers? That is the dilemma facing governors, legislators and would-be reformers around the country trying to ...

Adopts Mark-to-Market Method to Simplify Pension Accounting No Effect on Cash Flow, Pension Funding Requirements or Participant Benefits New Method Expected to Increase 2018, 2019 and 2020 Earnings ...

LONDON (Reuters) - Controversial accounting proposals will hasten the closure of more final salary pension schemes if they are adopted, a leading pensions group said on Monday. Many firms have shut ...

Reuters and Pensions and Investments report on a new study released yesterday by the National Association of State Retirement Administrators (NASRA) that supposedly “slams” a 2010 paper by ...