Tag: Governmental Accounting Standards Board

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The brief’s key findings are: A new government accounting standard requires state and local pension plans to categorize assets based on the method used to determine the fair market value. Level 1 includes frequently traded assets like equities. Level 2 includes less liquid assets like corporate bonds.  Level 3 involves appraisals like real estate. For…

Female crossing guard leads children safely across street

Despite dire predictions from Illinois and New Jersey, the funded status of public plans as a group increased from 72 to 74 percent.  The Center for Retirement Research at Boston College just released a 2014 update of the funded status of the 150 state and local plans in the Public Plans Database.  For the first…