A Pension Trust Fund prepares two financial statements and two supplementary schedules.Where does the obligation (calculated by the actuary)for the total benefits earned by employees and retirees,as of a specific point in time,appear?

Question

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The obligation calculated by the actuary for the total benefits earned by employees and retirees, as of a specific point in time, appears in the Schedule of Funding Progress. This schedule provides information on the progress of the fund in meeting its funding requirements, including the actuarial value of assets and liabilities, actuarial accrued liability, and the funded ratio. The Statement of Fiduciary Fund Net Position provides information on the fund's assets, liabilities, and net position, while the Statement of Changes in Fiduciary Fund Net Position provides information on the changes in the fund's net position over a specific period.

A Pension Trust Fund Prepares Two Financial Statements and Two