The Governmental Accounting Standards Board has issued two exposure drafts proposing improvements to financial reporting of pensions by state and local governments. The two documents, “Accounting and ...

For too long, citizens and government officials were not provided with the financial information needed to make knowledgeable tax and spending policy decisions. This resulted in all 50 states ...

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 ...

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 ...

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 ...

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 ...

Low interest rates could spur more U.S. finance chiefs to overhaul how they account for pensions in their financial statements, a move that could prevent increased plan liabilities from weighing on ...

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 ...

A spokeswoman for the department, which is ultimately responsible for auto-enrolment, said that the National Automatic ...

Gov. Chris Christie recently said what every governor across the country is secretly thinking: Without reform, public sector pension costs will crush state budgets. In fact, the true value of public ...

Forbes contributors publish independent expert analyses and insights. Elizabeth Bauer is an actuary who writes about retirement policy. In the corporate pension world, there are two types of actuarial ...