Proposed new accounting rules for public pension plans could highlight the massive shortfalls faced by public pension plans. In the WSJ.com article "States Face Pressure on Pension Shortfalls" the new accounting rules, expected to be approved by the Government Accounting Standards Board, will force governments to change the way they calculate and account for unfunded pension liabilities. Here's a link to the article: http://online.wsj.com/article/SB10001424052702304441404577483021888092422.html?
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