The purpose of the Schedule of Changes in Net Pension Liability and Required Ratios part of the required supplementary information is to enable the reader to determine whether the pension plan is sufficiently funded.

Question

Quizplus · Accepted Answer

GASB standards require extensive note disclosures and RSI. Among the RSI schedules is a ten-year schedule displaying changes in the net pension liability and related ratios.

The Purpose of the Schedule of Changes in Net Pension