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6.1.C. - Page 59 <br />Fiduciary Net Position — ending (b)" with respect to plan assets, (ii) "Total Pension Liability — <br />ending (a)" with respect to total plan liabilities, and (iii) "Net Pension Liability — ending (a) - <br />(b)" with respect to unfunded pension liabilities. Note: In many CAFRs the amount of unfunded <br />pension liabilities ("Net Pension Liabilities") and the Funded Percentage of the pension plan are <br />given, but the total assets amount ("Plan Fiduciary Net Position") and the total liabilities amount <br />("Total Pension Liability") are not given. They can, however, be calculated in the following way. <br />To derive total liabilities, simply divide the Unfunded Liability amount ("Net Pension <br />Liabilities") by 1 minus the Funded Percentage for the fund. To derive total assets ("Plan <br />Fiduciary Net Position") simply subtract the Unfunded Liabilities amount ("Net Pension <br />Liability") from the amount of total plan liabilities ("Total Pension Liability"). Where the <br />aggregate Funded Percentage of all pension plans is not given in a CAFR, it can be derived <br />simply by dividing the sum of all of the plan asset amounts for each plan by the sum of all plan <br />liabilities for each plan. <br />The following example will demonstrate the foregoing. Assume the CAFR provides the <br />following information: <br />Net Pension Liability under Miscellaneous Plan is $15 million. <br />Funded percentage under Miscellaneous Plan is 75%. <br />Net Pension Liability under Safety Plan is $20 million. <br />Funded percentage under Safety Plan is 80%. <br />Accordingly, <br />Total liabilities under the Miscellaneous Plan are $60 million ($15M net pension liability/ (1- <br />75% Funded Percentage) = $60 million) <br />Total assets under the Miscellaneous Plan are $35M ($60M total liabilities amount minus <br />$15M net pension liability = $35M) <br />Total liabilities under the Safety Plan are $100M ($20M net pension liability/ (1-80% Funded <br />Percentage) = $ l OOM) <br />Total assets under Safety Plan are $80M ($100M total liabilities amount minus $20M net <br />pension liability = $80M) <br />Total liabilities under all pension plans are $160M ($60M under Miscellaneous Plan and <br />$100M under Safety Plan) <br />Total assets under all pension plans are $105M ($35M under Miscellaneous Plan plus $80M <br />under Safety Plan <br />Appendix B-2 <br />