Financial Facts

December 3, 2014


Governmental Accounting Standards Board proposed new accounting rules on October 31 requiring disclosures of tax abatements that governments provide to businesses and individuals.

In a recent report by Wilshire Trust Universe Comparison Service, public pension funds lost a median 1 percent in the third quarter while the median drop for all plans was only 0.84 percent.

VACo Contact: Vicky Steinruck

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