Preserving Financially Sound Defined Benefit Pensions in Challenging Market Environments -- summarizes the advantages and disadvantages of several approaches for mitigating the impact of the recent financial market decline on public plan funding and employer contributions.
The GASB's Invitation to Comment on Pension Accounting and Reporting Standards -- summarizes the Governmental Accounting Standards Board's Invitation to Comment (ITC) on potential changes to accounting and financial reporting standards related to public pensions. The issue discusses the GASB's framework for evaluating the standards as well as various arguments suggested in the ITC for and against potential changes.