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 ...

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.

Employers are increasingly offloading their pension obligations as plan expenses increase, economic conditions improve and companies continue a pronounced shift toward 401(k) plans. A pension buyout — ...

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 ...

Taxpayers are reading state, county and municipal financial forecasts and are attending municipal meetings where business managers now report actual unprecedented tax receipts coming in. They are now ...

One of the 3 hurdles (pension expense) is out of the way, which optimizes the cost structure. Uncertainties surrounding the nuclear PTC treatment and rate case remain, hindering an upgrade to a buy ...

NEW YORK – J.C. Penney Co. said Friday that its first-quarter profit tumbled 79 percent because of a big pension expense, but it narrowly beat analysts’ estimates as its expenses fell and demand ...

The S&P 500 ETF (SPY) returned 79% over five years. Long-term Treasury bonds (TLT) lost 32.8%. Pensions act as bond allocations, reducing the need for Treasury holdings in retirement portfolios. Fixed ...

At a time when Enron Corp. was cutting back on its employee retirement plans to save money, executive benefits at the energy company kept getting richer. Beginning in the 1990s, Enron joined many ...

The largest U.S. corporate pension plans finished 2020 with a higher funding deficit than a year before but also managed to come out of the year with a higher funding ratio and lower aggregate pension ...