US - State governments would be forced to report a net pension liability in their financial statements under new accounting proposals put forward by the Governmental Accounting Standards Board (GASB).
GASB has issued two Exposure Drafts proposing improvements to financial reporting of pensions by state and local governments in a bid to improve how the costs and obligations of public pensions are...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date