Easterday, Kathryn E.; Eaton, Tim V. - In: Journal of Public Budgeting, Accounting & Financial … 24 (2012) 2, pp. 278-312
We examine and compare funding status, actuarial assumptions and asset investment allocations of defined benefit pension plans in the public and private sectors across time, using information as reported under GASB and FASB. We find that pension plans in both sectors are underfunded and that...