New York City maintains that there is nothing wrong with its pension accounting.

Retirees unschooled in the arcana of pension accounting are understandably confused.

What is much in dispute is just which rate is proper for pension accounting.

The latest year results include a credit of $345,000, which reflects the adoption of pension accounting standard 87.

As currently conceived, however, the rule change would not eliminate all of the controversy arising out of pension accounting.

We are dealing with pension accounting, American style.

It also faces an investigation into its pension accounting.

Afterward, changes were made in the proposed rules for pension accounting.

(In pension accounting, as in other financial transactions, the higher the interest rate, the lower the present value.)

In pension accounting, the lower the interest rate, the greater the future obligations.