State and Local Government - 1.Roger H. Wells: American Local Government, McGraw-Hill Book Company, New York, 1939, pp. xii, 200, $1.50. - 2.Caleb P. Patterson, Sam B. McAlister and George C. Hester: State and Local Government in Texas, The Macmillan Company, New York, 1940, pp. ix, 586, $2.50. - 3.Harold Zink: Government of Cities in the United States. The Macmillan Company, New York, 1939, pp. xii, 636, $3.50. - 4.William Anderson, ed.: Local Government in Europe, D. Appleton-Century Company, New York, 1939, pp. xviii, 453, $4.00.

1940 ◽  
Vol 2 (3) ◽  
pp. 367-369
Author(s):  
Arthur W. Bromage
Keyword(s):  
United States ◽  
New York ◽  
Local Government ◽  
The United States ◽  
Hill Book Company ◽  
Mcgraw Hill Book Company ◽  
State And Local Government ◽  
State And Local

A Comprehensive Review of the Evolution of Accounting Standards for State and Local Government Pensions and Other Postemployment Benefits in The United States

2019 ◽  
Vol 46 (1) ◽  
pp. 57-77
Author(s):  
Dale L. Flesher ◽  
Craig Foltin ◽  
Gary John Previts ◽  
Mary S. Stone
Keyword(s):  
United States ◽  
Local Government ◽  
Accounting Standards ◽  
The United States ◽  
Pension Funds ◽  
Defined Benefit ◽  
Defined Contribution ◽  
Defined Contribution Plans ◽  
State And Local Government ◽  
State And Local

ABSTRACT Both the business media and the popular press have emphasized the underfunding problems associated with pension funds that are set aside for state and local government workers, a group that also includes teachers and professors at state-affiliated colleges and universities. The realization that pension funds are typically underfunded stems from the fact that the accounting standards associated with state and local government employee pension funds have led to greater transparency since 2011. This paper examines, explains, and interprets the historical development over the last 70 years of accounting standards for state and local government pension funds in the United States. Changing accounting standards, along with economic and social change, have led to consequences such as employers transforming their pension programs to avoid substantial costs and significant liabilities, for example by changing from defined benefit to defined contribution plans.

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