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Public Pension Funds Could Be in for Big Shock Under Proposed Accounting Reforms
Pittsburgh Tribune-Review
June 1, 2010
Excerpt: The Government Accounting Standards Board is preparing to release a document that could send shivers through public pension systems and the taxpayers who fund them. The document, tagged a preliminary view of proposed pension accounting reforms, is scheduled for release this week. Statements on the board's website suggest coming disclosure standards that could ramp up the need for higher contributions to keep public pension funds on a stable footing.
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