24/7 Newsfeed

Put Reason 24/7 on Your Site


Follow Reason 24/7 on Twitter and via RSS

Feds May Allow Riskier Investments To Close Public Pension Gap

ALEXANDRIA — New reporting rules from the Governmental Accounting Standards Board for how pension debt is reported will begin next year.

The move is part of an effort to bring consistency and clarity to state employee benefit programs, but with that so-called clarity also comes the possibility of riskier investments wagered to compensate for languishing state funding gaps.

Source: Watchdog.org. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  • Spartacus||

    Double down!
    What could possibly go wrong?