A government has a defined contribution plan for its General Fund employees. During the year, it contributed $$1,080,000$ to its employees$$ individual defined contribution retirement accounts. At its fiscal year$-$end, the government still owes $$180,000$ to its employees$$ individual defined contribution retirement accounts according to the benefit terms of the defined contribution plan.

How much should the government report as its pension liability at its fiscal year$-$end?

Select one:

a$.$

$$1,260,000$

b$.$

$$1,080,000$

c$.$

$$-0-$

d$.$

$$180,000$