Liabilities · Long-Term Liabilities
2230 Net Pension/OPEB Liability
Since 2026.03
- What it is
- Other long-term obligations include actuarial and other long-term liabilities not captured elsewhere, including certain benefit-related obligations depending on accounting treatment and scope.
- Accounting standard
- Certain long-term obligations may be recognized based on actuarial valuations or other measurement methods in accordance with applicable guidance. Presentation and note disclosures depend on the specific obligation.
- Accounting note
- Maintain supporting actuarial reports/schedules. Coordinate with auditors on classification for complex liabilities.
- Reporting note
- Use this object for long-term liabilities that are not debt, leases, or compensated absences, but should be recognized as obligations in the relevant statements.
- Examples
- OPEB-related long-term obligations (where recorded here); self-insurance claims liabilities (long-term portion); other contractual long-term obligations.
- Do not use for
- Debt payable (2200); leases (2210); compensated absences (2220).
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 40 R34 Net Pension LiabilityLT_OBLIG_NET_PENSION_LIAB Government-wide item; record in the conversion ledger (980). |
| Government-wide ledger (980) | Form 40 R34 Net Pension LiabilityLT_OBLIG_NET_PENSION_LIAB Government-wide item; record in the conversion ledger (980). |
| Enterprise funds (water example) | Form 38 R56 Net Pension LiabilityENT_NET_PENSION_LIAB Enterprise or internal service column. |
| Internal service funds | Form 38 R56 Net Pension LiabilityINT_SERV_NET_PENSION_LIAB Enterprise or internal service column. |
| Fiduciary funds (pension trust example) | Form 39 R24.5 Net Pension LiabilityPEN_OTHER_EE_BEN_TRUST_NET_PENS_LIAB Column for the trust or custodial fund type. |
Enterprise placement is shown for a water fund; other enterprise funds use the same line on their own form. Check any combination in the FTR finder.