Understanding New Public Pension Funding Guidelines and Calculations


Understanding public pension data has become more complex, as the Governmental Accounting Standards Board (GASB), rating agencies, and governments themselves may all be using different sets of pension numbers for different purposes. State and local governments will soon need to distinguish between several separate pension calculations: books, bonds, and budgets.

SLGE, ICMA, and other leading national associations have developed this one-page summary to help explain the differences among these numbers, how each has its own intended purpose and audience, and new resources available to lawmakers to address pension funding.

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