The Government Accounting Standards Board (GASB) says two new exposure drafts could give the public more information about how state and local government pension plans are really doing.
Public employee pension plans have been in the spotlight because of allegations that the plans may have promised trillions of dollars more in benefits than they are equipped to deliver.
GASB, Norwalk, Conn., has issued one set of draft guidelines that discusses government plan reporting by plan sponsors and a second set that discusses reporting by plan administrators.
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