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Business, 12.10.2021 01:40 gm2

The City of Nomanchester has a defined benefit pension plan for a number of its employees. A pension trust fund has been set up that currently has a net position of $32.7 million because quite a number of investments are being held. An actuary estimates that city employees will eventually receive $99.7 million as a result of this pension. However, only $72.4 million of that amount is for work already provided. The present value of the $72.4 million in payments is $49.8 million. On its government-wide financial statements, what amount of net pension liability should be reported

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