Issue Date: 2016-03-17
Revised Date:

Object Type

Cash — None

Reference

Description

Pension contributions made by higher education institutions after the measurement date for net pension liability are recorded and reported as deferred outflows of resources related to pensions in accordance with GASB Statement No. 68. As such, this account is used to offset pension contributions in the journal entry to reclassify to pension deferred outflows.

Note

RESTRICTED: This code is restricted for use by the Financial Reporting Section of the Comptroller’s Office only for pension reporting in the statewide Comprehensive Annual Financial Report.

USAS Values

Appropriation Year 20
USAS Title HE PENSION CONTRIB OFFSET
Object Group 19 – Financial Reporting (Non Expenditures)
USAS Status A
Rev/Exp Category NA – NOT APPLICABLE