Government Pensions Resist Rule Change Requiring Listing Real Value Of Assets

November 22, 2011

“U.S. public pension systems, facing as much as $3 trillion in unfunded promises to current and future retirees, are resisting proposed new standards that might double their funding deficits,” says Bloomberg News of local and state pension liabilities. “Investment losses in 2008 and 2009 left state and local pensions with $3.6 trillion in unfunded...

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