Wednesday, June 29, 2011

U.S. enters next round of public pension fight

(Reuters) - The United States is entering the next round of a nationwide boxing match over public pensions, with states approving changes to the funds, a leading municipal union challenging claims of yawning shortfalls and a research group advocating moderation.

All this comes as the Governmental Accounting Standards Board meets this week to consider how to change and strengthen pension funds' financial reporting.



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