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On February 15, 2023, changes to Actuarial Standard of Practice (ASOP) No. 4 will be effective, and defined benefit plans will need to comply with these new rules in all actuarial.
Despite the recession and subsequent loss of assets value, pensions plans continued to pay out over a trillion dollars in benefits to stakeholders over the recessionary era.
/PRNewswire/ A new report finds that state and local government retirement systems on the whole successfully navigated the 2007 to 2009 Global Financial.