States Face Pressure on Pension Shortfalls
Corkery and Rapoport
06/22/2012
online.wsj.com
New accounting rules are likely to show that public pension plans could face hundreds of billions of dollars in additional liabilities, putting new pressure on state and local governments to act.
The revamped rules expected to be approved Monday by an accounting-standards group will force governments to record pension costs sooner than they did [...]
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