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 ...

GASB issued new accounting and financial reporting guidance Friday to assist certain state and local governments that are having trouble obtaining measurements and data points to comply with the board ...

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 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 ...

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 ...

New reporting requirements for state and local governments offering defined benefit pension plans significantly increase the extent to which government employers, pension plans, and the related ...

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 ...

Public pension funds likely soon will get a step closer to rule changes for discount rates they use to value liabilities. Public pension funds likely soon will get a step closer to rule changes for ...

Jan 27 (Reuters) - United Parcel Service is changing the way it accounts for its company-sponsored pension and post-retirement benefit plan in the fourth quarter , which will reduce its net 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 ...

The issue of pension schemes for corporates is not likely to go away, especially given the prospect of tighter accounting rules. Take for example the UK postal service, the Royal Mail. The company has ...