Tag: Public Plans Database (PPD)
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…
Attitudes towards pension commitments differ dramatically between similarly situated states. Listening to the rhetoric coming out of New Jersey and Illinois, one might conclude that the whole country wants to renege on promised pension benefits. In New Jersey, the Governor’s Commission concluded that the state could not pay its promised benefits and the only way…
