Mr. Chairman and Members of the Board, Thank you the opportunity to testify with regard to the Board’s guidance concerning accounting for public sector pension plans. My comments are my own and do not ...

With so many governments' public pension funds woefully underfunded, there's little doubt that some asset managers are taking higher risks with the funds' assets as they seek higher returns. The ...

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 generosity of pensions provided to public-sector workers has come under increased scrutiny as states and local governments search for ways to close their budget deficits. The intense and ongoing ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

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 goal of any accounting system is to give an accurate view of a pensions program’s financial health so that policymakers and the public may place these plans on the surest foundation, to ensure ...

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 ...

It's time to pull the plug and do the right thing - replace the convoluted bad accounting with straightforward reporting of the debt and the assets, and the resulting income effects. Straight frauds ...