LAST year seemed like a pretty good one for Lucent Technologies. Before taxes, it reported income of $1.06 billion. The numbers, though, are deceiving. Lucent recorded more than $1.1 billion in ...

FASB also amended accounting practices for settlements and terminations as governed by Statement no. 88, Employers’ Accounting for Settlements and Curtailments of Defined Benefit Pension Plans and for ...

WASHINGTON — Proposed changes to pension-accounting rules could help save companies and pensions, top accounting standard-setters said Wednesday. Public companies currently disclose pension ...

Under GASB accounting rules, a public employee pension that takes greater investment risk instantly becomes “better funded” and can reduce its contributions. That isn’t just wrong. It’s ...

A new research paper shows that the impact of using a mark-to-market accounting method for valuing pension liabilities will have a negligible effect on companies. The paper from SEI, “Considering a ...

Potemkin Pension Accounting. Pension liabilities reported by California’s largest pension fund (CalPERS) rose nearly 5x in just 20 years, from less than $100 billion in 1997 to nearly $500 billion by ...

Thanks to new pension accounting rules put forth by the Governmental Accounting Standards Board (GASB), Kentucky, along with a handful of other plans, has been forced to lower its discount rate ...

WASHINGTON (Reuters) - The accounting board for U.S. state and local governments is set to propose on Friday radical reforms to the disclosure practices of public pension systems.

But the firm's pension program and its accrual accounting system could complicate a merger. February 03, 2023 at 05:00 AM 6 minute read . By Patrick Smith. Stroock ...

Amanda Brown/The Star-LedgerRepresentative of New Jersey Police and Firefighters speak to the Senate State Government, Wagering, Tourism and Historic Preservation committee about pensions at the ...