The Schedule of Changes in Long-Term Obligations contains an account Net Pension Obligation. Which of the following describes the event that gave rise to this account? a) The actual contribution by a proprietary fund was less than the actuarially required contribution. b) The actual contribution by a governmental fund was less than the actuarially required contribution. c) The actuarially computed pension liability exceeded the pension plan assets. d) The pension plan assets exceeded the actuarially computed pension liability. 20. Required disclosure by a government General Fund related to its pension plan does NOT include which of the following? a) The employer’s funding policy. b) The components of the pension cost. c) The key assumptions used in determining the pension costs. d) The present value of the future benefits to be paid. 21. A plan’s unfunded actuarially accrued liability is the excess of a) The actuarially-determined plan cost over the actual
The Schedule of Changes in Long-Term Obligations contains an account Net Pension Obligation. Which of the following describes the event that gave rise to this account? a) The actual contribution by a proprietary fund was less than the actuarially required contribution. b) The actual contribution by a governmental fund was less than the actuarially required contribution. c) The actuarially computed pension liability exceeded the pension plan assets. d) The pension plan assets exceeded the actuarially computed pension liability. 20. Required disclosure by a government General Fund related to its pension plan does NOT include which of the following? a) The employer’s funding policy. b) The components of the pension cost. c) The key assumptions used in determining the pension costs. d) The present value of the future benefits to be paid. 21. A plan’s unfunded actuarially accrued liability is the excess of a) The actuarially-determined plan cost over the actual