The Pension Trust Fund is a Fiduciary Fund, which will be accounted for using the accrual basis of accounting.

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Fiduciary funds, such as the Pension Trust Fund, are typically accounted for using the accrual basis of accounting. This is because they are responsible for managing and administering assets on behalf of others (i.e. beneficiaries of the pension plan) and therefore need to accurately reflect the financial position and performance of the fund.

The Pension Trust Fund Is a Fiduciary Fund, Which Will