A government makes a contractual-determined contribution to its pension plan in the amount of $8,500 for year 1. The actuarially-determined annual required contribution for year 1 was $13,500. The pension plan paid benefits of $8,200 and refunded employee contributions of $800 for year 1.

What is the pension expenditure for the general fund for year 1?

Answer rating: 100% (QA)

To calculate the pension expenditure for the general fund for year 1we need to consider the ... View the full answer