S&P Outlines Effects of N.Y. Pension Accounting Changes

O'Brien, Elizabeth
November 2004
Bond Buyer;11/9/2004, Vol. 350 Issue 32007, p4
Trade Publication
Reports on the views of the Standard & Poor's Rating Services on the effects of a new law in New York requiring pension payment date to February 1 from December 15. Impact of the change in pension accounting practices on local credit quality; Plan of the independent Governmental Accounting Standards Board to issue a final technical bulletin that will investigate the effects of the new law; Inability of the law to affect major cities or villages.


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