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Saturday, July 16, 2011

Economics:  Drawing a Clearer Picture of Public Pension Finances

Locking the barn door after the horse has bolted ...

The board that writes accounting rules for states and cities plans to issue a proposed solution Friday to one of the hottest disputes in public finance, whether governments are truthfully disclosing the size and condition of their pension funds, and how to fix any deficiencies.

For more, see A Proposal for Drawing a Clearer Picture of Public Pension Finances by Mary Williams Walsh, July 8, 2011 at NYTimes.com.

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