US actuaries call for public plan consistency

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US - The American Academy of Actuaries (AAA) has asked the Actuarial Standards Board to develop standards to consistently measure the economic value of public pension fund assets and liabilities.

The 16,000 member organisation said it would not issue a public advocacy statement on the issue but would refer the issue to the Actuarial Standards Board. The board of the AAA, reacting to a re...

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