...Divya Anantharaman; Elizabeth C. Chuk ABSTRACT Experts have long conjectured that pension accounting rules, by which pension expense depends on a managerial estimate that is directly tied to the riskiness of plan assets (i.e., the expected rate of return, or ERR, on plan assets), encourage risk...

... of Utah for helpful comments and suggestions. Supplemental material can be accessed by clicking the link in Appendix D. MAP-21 pension accounting ERISA pension funding investment payout policy actuarial manipulation Trade groups and pension plans' sponsors have argued...

.... discretionary accounting choices nonprofits pension accounting In recent years, the nonprofit sector has come under increased scrutiny from the Internal Revenue Service (IRS), state regulators, and the public press as a result of financial scandals involving large tax-exempt...