Learn how actuarial gains and losses impact pension plans, affecting financial projections and company obligations.

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 2017. Those liabilities were ...

FASB has issued Statement no. 158, Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans, to reform accounting for pension and other postretirement benefit plans. The new ...

Balance sheet, check. Shining a light on hard-to-value assets, check. Quarterly reports, fuhgettaboutit! Here’s a flash for you folks who’ve been staying up nights worrying that pension gains and ...

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 gains ...

The Governmental Accounting Standards Board voted Monday to approve two new standards to improve the accounting and financial reporting of public employee pensions by state and local governments.

The Governmental Accounting Standards Board issued guidance Monday addressing several practical issues raised by stakeholders during implementation of GASB’s pension accounting and financial reporting ...

GASB issued financial reporting guidance Monday that is designed to address practice issues raised during implementation of the board’s new pension accounting standards for state and local governments ...

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 ...

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 ...

This paper discusses recent changes in the generally accepted accounting principles related to accounting for defined benefit pension plans. SFAS 158 imposes new rules related to calculating net ...

Maryland ranked among the nation’s highest-scoring states in a new report examining how clearly governments disclose audits, ...