1.0Neighborhood Effectshttps://neighborhoodeffects.mercatus.orgEileen Norcrosshttps://neighborhoodeffects.mercatus.org/author/eileen-norcross/rich600338<blockquote class="wp-embedded-content"><a href="https://neighborhoodeffects.mercatus.org/2012/07/01/actuarial-camoflauge-ii-normal-cost-methods/">Actuarial camouflage II: Normal Cost Methods</a></blockquote> <script type='text/javascript'> <!--//--><![CDATA[//><!-- /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!/[^a-zA-Z0-9]/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=0;o<n.length;o++)n[o].style.display="none";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute("style"),"height"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if("link"===t.message)if(a=d.createElement("a"),i=d.createElement("a"),a.href=r.getAttribute("src"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute("data-secret"))t=Math.random().toString(36).substr(2,10),e.src+="#?secret="+t,e.setAttribute("data-secret",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute("security"),e.parentNode.replaceChild(t,e)}}}}(window,document); //--><!]]> </script><iframe sandbox="allow-scripts" security="restricted" src="https://neighborhoodeffects.mercatus.org/2012/07/01/actuarial-camoflauge-ii-normal-cost-methods/embed/" width="600" height="338" title="“Actuarial camouflage II: Normal Cost Methods” — Neighborhood Effects" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe>As part of the new GASB rules for public sector pensions not only will the rules guiding discount rate selection change, amortization periods will shrink from 30 to 15 years. This reflects the average number of service years remaining for current employees. By way of analogy, this is similar to refinancing a 30-year loan over a 15-year […]http://neighborhoodeffects.mercatus.org/wp-content/uploads/2012/06/PV-example-300x196.jpg