NEW YORK - 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. The changes — likely to begin by year's end — ...

GASB issued new accounting and financial reporting guidance Friday to assist certain state and local governments that are having trouble obtaining measurements and data points to comply with the board ...

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 ...

You want to refinance your home. The bank requires an appraisal to determine the current value. The appraiser uses data from 2019. Would you feel good about that? Or let’s say you want to sell your ...

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 ...

The Governmental Accounting Standards Board released a post-implementation review report Monday on its pension standards and found they mostly accomplished their goals. The PIR project examined the ...

First of a three-part series How do you solve a fiscal crisis if you don’t have the right numbers? That is the dilemma facing governors, legislators and would-be reformers around the country trying to ...

The Securities and Exchange Commission has asked two of the country's biggest companies how they used pension and health-benefits funds to adjust their earnings in recent years, raising the heat on a ...

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 ...

“You never want a serious crisis to go to waste,” said then-White House Chief of Staff Rahm Emanuel, who is now the mayor of Chicago, in 2008. Puerto Rico’s current financial situation is just such a ...

Minneapolis-based RSM McGladrey Inc., a consulting, tax and accounting firm, has acquired Tower Pension Specialists, a retirement plan administration and investment advisory firm in Cedar Rapids, Iowa ...

(Bloomberg Opinion) -- Private equity is the latest economic boogeyman. And there are good reasons for that. Assets in the private market have grown exponentially in the last 20 years, especially in ...