Public Pensions Cook the Books - WSJ.com

Sometimes all I can say is wow. Oh sure it is predictable. And it happens more often in all fields (so not just government), but it is still disappointing to see. Short version? Hide the bad news. Public Pensions Cook the Books - WSJ.com: "Here's a dilemma: You manage a public employee pension plan and your actuary tells you it is significantly underfunded. You don't want to raise