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

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 ...

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 ...

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 ...

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 ...

The stock market just wrapped up its third straight year of losses, but when it comes to pension accounting, that reality has yet to catch up with much of corporate America. Many companies are ...

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 ...

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 ...

The pension accounting world before 1987 was a wild place, very similar to the western town in the Mel Brooks classic, Blazing Saddles. Before a sheriff was appointed to bring order, the peaceful town ...

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 ...