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A state provides pension benefits to retired employees who have worked at least five years for the state. Based on employee salaries during 2 0
A state provides pension benefits to retired employees who have worked at least five years for the state. Based on employee salaries during the state actuary calculated that the employees earned pension benefits totaling $ The state appropriated $ to the General Fund for payment to its Pension Trust Fund. However, the state encountered financial problems during It sent its pension system a check for $ in October saying that it would pay no more for the year. The Pension Trust Fund actually paid pension benefits of $ during
How much should the General Fund recognize as pension expenditures for
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