The Pension Liability Reported on the Governmental Funds Balance Sheet

The pension liability reported on the governmental funds balance sheet is equal to

A) the actuarial liability for pension benefit payments related to past service.
B) the total actuarial liability for pension benefit payments related to past service periods, less the net position of the pension plan.
C) the expected future pension payment to be funded by available financial resources.
D) the difference between the annual required pension contributions to the pension trust fund and the government's actual contributions.