31.Escheat property, often collected by the state, is to be reported either in a private-purpose trust fund or in the fund to which the property ultimately reverts.
32.Property that has been abandoned or property whose owners cannot be found is turned over to the state government until the legal owners can be found is known as community property.
33.Investment pools invested from external parties are recorded in Investment Trust Funds.
34.Defined Benefit Pension Plans are required to pay retired employees an amount determined by formula,rather than the amount contributed to the plan.
35.Employers with defined contribution plans will report a pension liability if the required contribution has not been fully paid by year end.
36.Governments with defined benefit pension plans will report a net pension liability in the government-wide Statement of Net Position if the amount the government anticipates paying to employees in the future is greater than the net fiduciary position of the pension trust fund.
37.Pension trust funds are required to present a ten year Schedule of Changes in Net Pension Liability and Related Ratios as required supplementary information.
38.Net pension liabilities are reported in statements prepared using the economic resource measurement focus and accrual basis of accounting.
39.Governments should report the net pension liability in the governmental fund basis statements even if it is not expected to be paid from current financial resources.
40.Proprietary funds record the net pension liability as a fund liability.