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Thursday, August 25, 2011

City Needs to Support Transparency in New Reporting Standards for Pensions

The Government Accounting Standard Board (GASB) sets standards of accounting and financial reporting for state and local governments. The Board is in the process of revising its standards and proposing significant improvements to standards for accounting and reporting of pensions that governments provide employees.

Click on the link to read the proposed standards. GASB is asking for public in put and response. I am going to ask our City Manager to make certain Long Beach weighs in about these standards -- supporting the transparency these standards provide.

Save Station 18

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