News and Videos on Account from Pensions & Investments
Impact of GASB's new pension rules on government bond ratings
trueFor many public sector retirement plan sponsors, the Governmental Accounting Standards Board's new pension reporting rules couldn't have come at a worse time. The changes, effective June 15 and encapsulated in GASB Statements 67 and 68, mandate that governmental balance sheets reflect unfunded ...
Alaska retirement plans searching for actuarial consultant
trueAlaska Division of Retirement & Benefits, Juneau, is searching for an actuarial consultant for the state’s seven retirement plans, wrote Jim Puckett, chief operations officer, in an e-mail.
CalSTRS' unfunded liabilities rise $2.7 billion
trueCalSTRS' unfunded actuarial obligation has increased to $73.7 billion as of June 30, up $2.7 billion from the previous year, according to a pension fund report.
Tacoma Employees issues call for actuarial consultant
trueTacoma (Wash.) Employees' Retirement System is searching for an actuarial consultant.
GASB votes against delaying reporting of liabilities
trueGovernmental Accounting Standards Board voted unanimously on Monday not to delay the implementation of Statement 68, which affects how governments report their pension fund liabilities.
Indiana Public Retirement issues call for auditing firm
trueIndiana Public Retirement System, Indianapolis, is searching for an external auditing firm to ensure its compliance with GASB accounting standards.
A pathway to stronger plans
trueAn independent panel of the Society of Actuaries has laid out a path to strengthen public defined benefit plans, championing the valuation of pension liabilities in a more economically realistic way.
San Diego County Employees casts net for actuary
trueSan Diego County Employees Retirement Association has launched an RFP for an actuarial firm.
N.M. Educational Retirement Board enrolls Segal for auditing services
trueNew Mexico Educational Retirement Board, Santa Fe, approved hiring Segal for actuarial audit services.
New York State Deferred Compensation Plan looks for auditor
trueNew York State Deferred Compensation Plan, Albany, issued an RFP for an accounting firm to conduct annual audits.
Norfolk Employees' Retirement System seeks actuarial consultant
trueNorfolk (Va.) Employees’ Retirement System is searching for an actuarial consultant, confirmed Sheryl Potter-Griggs, acting executive secretary.
Andover Contributory Retirement System re-signs Segal as actuary
trueAndover (Mass.) Contributory Retirement System has rehired Segal Co. as its actuary.
Tennessee's treasurer looking for actuarial consultant
trueTennessee Department of the Treasury, Nashville, is searching for an actuarial consultant, confirmed Blake Fontenay.
Hollywood Firefighters selects Foster & Foster as actuarial consultant
trueHollywood (Fla.) Firefighters’ Pension Fund hired Foster & Foster as actuarial consultant, according to recently released board meeting minutes.
Maynard Contributory Retirement System chooses auditor
trueMaynard (Mass.) Contributory Retirement System selected Roselli, Clark & Associates to serve as auditor for the $29 million pension fund.