A research paper critical of existing accounting practices of state-sponsored pension plans will be published next week on the Society of Actuaries website.
That news comes after several of the paper’s authors accused the SOA and the American Academy of Actuaries of effectively censoring research on public pensions' accounting standards, as reported in Pensions & Investments.
On Aug. 1, the presidents of each organization issued a joint statement announcing the disbanding of the Pension Finance Task Force, which was created in 2002 for the purpose of advancing research and defining best economic principals for pension actuaries.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
