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How much net pension liability should Nassau report

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Reference no: EM132973996

Problem - Nassau county has a defined benefit pension plan for a number of its employees. An actuary estimates that city employees will eventually receive $200 million as a result of this pension. However, only $120 million of that amount is for work already provided. The present value of $120 million and $200 million are $80 million and $95 million, respectively. Nassau county currently set aside $75 million in a pension trust fund. How much net pension liability should Nassau report in its government wide financial statement?

Reference no: EM132973996

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