Friday, September 7, 2012

The Accounting Trick That Will Haunt Public Pensions

Encouragement for riskier investments. State and local government employee pensions around the country are significantly underfunded. The Governmental Accounting Standards Board (GASB), which is the closest thing that comes to a regulator of public pensions, tells them, through its accounting rules, that the single best thing pensions can do to     ... MORE

1 comment:

  1. Pension funds at the state and local level have been underfunded for years. Theirs no solution other than reducing payments

    ReplyDelete