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 ...

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 ...

While there has been a great deal said in recent years about the impending problems with financing the Social Security, Medicare, and Medicaid systems, much less attention has been paid to similar ...

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 ...

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 ...

The Centre has tightened pension procedures and strengthened safeguards for retired central government employees. New rules clarify how PPOs must be handled after a pensioner’s death, while earlier ...

Accounting errors were identified in new state audits of South Huntingdon and Ligonier Township police pension funds. According to findings released this week by Pennsylvania Auditor General Timothy L ...

For state and local governments facing budget crises, public employee pensions are a top concern. Years of politicians promising generous benefits to their public employee union supporters have left ...