Discuss the financial reporting requirements

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Reference no: EM131525780

Question: Assume that a local government is the trustee for the pension assets for its police and fire department employees and participates in a statewide plan for all of its other employees. Individual accounts are maintained for all local governments in the statewide plan. Discuss the financial reporting requirements related to pensions for

( a ) police and fire department employees and

( b ) all other employees.

Reference no: EM131525780

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