Tag "GASB"
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Change in accounting rule forces governments to disclose liabilities
State and local governments will no longer be allowed to hide the true costs of the long-term benefits provided to government workers. A recent change by the Governmental Accounting Standards Board, known simply by the acronym GASB, forces government bodies
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State pensions improve, but members living longer
Is it morning in California for the California Public Employees’ Retirement System and the California State Teachers’ Retirement System? Both CalPERS and CalSTRS’ funds have performed better lately, even as members are living longer. CalPERS is doing much better since 2008,
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