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Assume that a local government is the trustee for the pension assets for its police and fire department employees and Page 208 participates in a
Assume that a local government is the trustee for the pension assets for its police and fire department employees and Page 208 participates in a statewide plan for all of its other employees. Individual accounts are maintained for all local governments in the statewide plan. Discuss the financial reporting requirements related to pensions for (a) police and fire department employees and (b) all other employees
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