Pension Crisis

Feds May Allow Riskier Investments To Close Public Pension Gap

What could go wrong?


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.