10-7
The basic financial statements of a pension plan provide only limited amounts of information as to its economic condition. The following information relates to the Lincoln County Firefighters’ Pension Plan (dollar amounts in millions):
Beginning-of-Year Balances
Cash and cash equivalents, January 1 $ 67
Marketable securities and other
investments at fair value, January 1 3,180
Current liabilities to retirees, January 1 4
Actuarial accrued liability, January 1 3,430
