Tag: GASB
The brief’s key findings are: During 2012, using current GASB standards, the funded status of public plans declined slightly from 75 percent to 73 percent. This decline reflected slow asset growth, which was only partly mitigated by reduced liability growth. States and localities also continued to fall short on their annual required contribution payments. Going…
The brief’s key findings are: GASB proposes two major changes for reporting purposes. Assets would be valued at market rather than smoothed. Liabilities would be discounted by a blended rate using: the long-run return for liabilities covered by projected assets; and the high-grade municipal bond rate for liabilities covered by other resources. These changes would reduce reported…
