The new infrastructure and student loan bill, to be signed by President Obama on Friday at the White House, will reduce the 10-year deficit by $16 billion, at least according to the nonpartisan ...

For too long, citizens and government officials were not provided with the financial information needed to make knowledgeable tax and spending policy decisions. This resulted in all 50 states ...

The path to where we are today regarding generally accepted accounting principles for public pension plans, with the advent of the Governmental Accounting Standards Board in between, is probably worth ...

Standing in a crowded hallway outside a committee room in the Kentucky State Capitol, House Speaker Greg Stumbo is surrounded by thankful teachers and skeptical reporters. It is mid-February and the ...

NEW YORK – It may sound arcane, but 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 counting on those ...

State and local government employee pensions around the country are significantly underfunded. The Governmental Accounting Standards Board (GASB), which is the closest thing that comes to a regulator ...

We feel a little sheepish coming back so soon to accounting for pensions and other post-retirement benefits, but we keep finding new reasons to condemn SFAS 87 and 106.One recent spur is the confusion ...

The International Accounting Standards Board on Thursday proposed narrow-scope amendments to pension accounting standards—a move designed to provide better information to investors and reduce ...

Gov. Chris Christie’s plan to convert the New Jersey lottery into an asset of the cash-strapped pension system is a fiscal gamble that “could make things worse,” according to a bond market analyst.

Rising rates and a banner year for stocks could lift earnings at some large companies that have made an arcane but significant change to the way their pension plans are valued. Companies including ...

FedEx Corp.FDX-0.28%decrease; red down pointing triangle said Friday that it will book a $2.2 billion pretax charge in its most recently ended quarter as a result of its decision to switch to a ...