The Government Accounting Standards Board (GASB) says two new exposure drafts could give the public more information about how state and local government pension plans are really doing.
Public employee pension plans have been in the spotlight because of allegations that the plans may have promised trillions of dollars more in benefits than they are equipped to deliver.
GASB, Norwalk, Conn., has issued one set of draft guidelines that discusses government plan reporting by plan sponsors and a second set that discusses reporting by plan administrators.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
