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 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 ...

Employers are increasingly offloading their pension obligations as plan expenses increase, economic conditions improve and companies continue a pronounced shift toward 401(k) plans. A pension buyout — ...

One of the 3 hurdles (pension expense) is out of the way, which optimizes the cost structure. Uncertainties surrounding the nuclear PTC treatment and rate case remain, hindering an upgrade to a buy ...

The largest U.S. corporate pension plans finished 2020 with a higher funding deficit than a year before but also managed to come out of the year with a higher funding ratio and lower aggregate pension ...

Taxpayers are reading state, county and municipal financial forecasts and are attending municipal meetings where business managers now report actual unprecedented tax receipts coming in. They are now ...

Pension expense accounted for 13.5%, on average, of the 2017 annual expenditures of the 15 largest U.S. cities. Comparatively, general debt servicing accounted for about 10% of total expenditures.

The S&P 500 ETF (SPY) returned 79% over five years. Long-term Treasury bonds (TLT) lost 32.8%. Pensions act as bond allocations, reducing the need for Treasury holdings in retirement portfolios. Fixed ...

The Pennsylvania auditor general responded to the Chester mayor’s request for an investigation to alleged pension “spiking” and said recommendations were given multiple times in the past. “I’m just ...

Rachel Greszler is a senior research fellow in workforce and public finance in the Thomas A. Roe Institute for economic policy studies at The Heritage Foundation. Read her research. In the name of ...