Materials & Services · Fiduciary Deductions
5700 Benefit Payments
ProposedSince 2027.03
- What it is
- Pension and OPEB benefits paid by a trust to retirees and beneficiaries: service retirement and every benefit without its own code.
- Accounting standard
- Report deductions in the fiduciary fund; employers record their costs in 4100.
- Examples
- Monthly retirement allowances; retiree health premiums paid by an OPEB trust.
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | By functionThe line depends on the function code (forms 24-28). See each function's line. |
| By major objectForm 29 R07 Other Operating ExpendituresOTHR_OP_EXP Same as 5200. | |
| Government-wide ledger (980) | Not reported. Government-wide revenues and expenses are not reported; the FTR uses fund-basis activity. |
| Enterprise funds (water example) | Form 12 R35 Other Operating ExpensesOTHR_OP_EXP Same as 5200. |
| Internal service funds | Form 03 R10 Other Operating ExpensesOTHR_OP_EXP Same as 5200. |
| Fiduciary funds (pension trust example) | Form 30.5 R19 Benefit PaymentsPEN_BENE_PAY 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.