NORWALK, Conn. — As cities and states struggle with ballooning retirement costs, accounting rule makers started an ambitious project Thursday to force state and local overnments to issue better numbers and reveal the true cost of their
Sunday, July 13, 2008
Cities and states to 'come clean' on pensions
In a New York Times article, entitled `Government Rule Makers Looking at Pensions', we learn that the plight of public pensions will soon be brought to light. At risk to the cities and states are their bond ratings, and potential for 'pension misconduct'.