Transportation Planning Agencies' Net Pension Asset and Liability for Fiscal Years 2020-21 to 2021-22

Net Pension Asset (NPA) is the amount in excess of the amount owed to a defined benefit pension plan based on the actuarial present value of projected benefit payments for plan members and their beneficiaries less the plan’s net position. Net Pension Liability (NPL) is the amount owed to a defined benefit pension plan based on the actuarial present value of projected benefit payments for plan members and their beneficiaries less the plan’s net position.

净养老金资产（NPA）是指根据计划成员及其受益人预计福利支付的精算现值，超出对既定福利养老金计划所欠金额的部分，减去计划的净头寸。净养老金负债（NPL）是指根据计划成员及其受益人预计福利支付的精算现值，减去计划的净头寸，对既定福利养老金计划所欠的金额。