By Dan Walters
dwalters@sacbee.com
March 15, 2016 – 4:15 PM
- New accounting standards require pension debt to be listed
- Multibillion-dollar unfunded liabilities are emerging
- However, Fresno has state’s only pension fund surplus
Thanks to new accounting standards, California’s state and local governments are being forced to acknowledge tens of billions of dollars in previously obscure debt for unfunded pension liabilities.