The bursting of the stock market bubble has left many private defined benefit pension plans underfunded, raising some concerns about the effects on cash flows and, for a few firms, on financial ...

Governments would have to report as a liability on their accrual-based financial statements the unfunded portion of their pension plan under a new proposal. That was contained in a statement of ...

LONDON (Reuters) - The accounting standards setter proposed on Thursday radical changes in pension fund calculations which could raise firms' retirement liabilities and force them to plough more money ...

Earlier this year, Illinois said it had found a way to save billions of dollars. It would slash the pensions of workers it had not yet hired. The real-world savings would not materialize for decades, ...

Jan 27 (Reuters) - United Parcel Service is changing the way it accounts for its company-sponsored pension and post-retirement benefit plan in the fourth quarter , which will reduce its net earnings ...

New reporting requirements for state and local governments offering defined benefit pension plans significantly increase the extent to which government employers, pension plans, and the related ...

The Governmental Accounting Standards Board released a post-implementation review report Monday on its pension standards and found they mostly accomplished their goals. Processing Content The PIR ...

The FINANCIAL — KPMG commented on the proposals published by the International Accounting Standards Board (IASB) to revise the accounting for pensions and other long-term employee benefits under IFRSs ...

General Motors, struggling with its under-funded US pension plan (see separate report), said on Friday, according to Reuters, that it opposed an accounting rule currently being developed to improve ...

The UK's National Association of Pension Funds (NAPF) has proposed that future salary expectations be removed from pension scheme accounting standards. At the same time, it has advocated a move away ...

First of a three-part series How do you solve a fiscal crisis if you don’t have the right numbers? That is the dilemma facing governors, legislators and would-be reformers around the country trying to ...