"[Q]uestions and answers that should help clarify common misperceptions about the new pension Statements [for public employee pensions]. (1) Do the new GASB Statements establish requirements for how governments should fund their pensions?... (2) Will governments have to pay more each year for pensions because of the GASB's new Statements?... (4) Do the GASB's standards allow governments to make their liabilities look smaller by using a discount rate based on unrealistically high expected rates of investment return?... (7) Has the GASB determined that state and local government pension plans are underfunded by $3 trillion?"  MORE >>