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New Pension Liability Reporting Rules To Weaken Colleges' Balance Sheets

Stephen Blann, Principal at Rehmann, in quoted in the Crain’s Detroit Business article discussing the possibility of the new Governmental Accounting Standards Board (GASB) pension being a harmful addition to the balance sheets of many higher-education organizations. Blann states “booking the unfunded liabilities will likely change many balance sheets from positive to negative, making those colleges and universities look like they are insolvent, when they probably are not.”

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