New accounting for defined-benefit plans raises questions

11/6/2013 | MarketWatch

The Commerce Department's National Income and Product Accounts has changed accounting rules for defined-benefit plans to an accrual basis from a cash basis. According to this article, this is a better measure of an employee's pension plan claim -- now government accounts will show promised benefits -- but the move does raise questions about the rate the government will use to discount future benefits and the funded status of these plans.

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