Panel Recommends New Pension Disclosure Rules

A panel at the Society of Actuaries is recommending new disclosure guidelines for pension plans that actuaries have long resisted. Under the new guidelines, pension actuaries would have to disclose the total amount of pension obligations in today’s dollars to the public, increasing transparency and highlighting the need for reform.

Estimates of public pension liabilities are common, but the actual numbers remain privileged information, a practice which economists have long argued is not ideal.

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