229XXX - Other Non-Current Liabilities

229150 Net pension liability – Noncurrent
Noncurrent portion of the Net Pension Liability.  This account is classified as a long-term liability for financial statement note disclosure.

Net Pension Liability: The portion of the present value of projected benefit payments to be provided through the pension plan to current active and inactive employees that is attributed to those employees’ past periods of service (total pension liability), less the amount of the pension plan’s fiduciary net position.  The account should only reflect the allocated portion of the net pension liability for that agency for cost-sharing plans (TSERS) and any net pension liability associated with single-employer plans administered by the agency.  [See GASB 68 Accounting and Financial Reporting for Pensions for more information.]

229160 Net OPEB liability – Noncurrent

Noncurrent portion of the Net OPEB Liability. This account is classified as a long-term liability for financial statement disclosure. Net OPEB Liability: the portion of the actuarial present value of projected benefit payments that is attributed to past periods of employee service, less the OPEB plan's fiduciary net position. The account should only reflect the allocated portion of the net OPEB liability for that agency for cost-sharing plans and any net OPEB liability associated with single-employer plans administered by the agency. [See GASB 75 Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions for more information.]

229200 Hedging Derivatives Liability - Noncurrent
This account is used to record a hedging derivative with a negative fair value.