Which of the Following Is False Regarding Defined Benefit Pension

question 49

Multiple Choice

Which of the following is false regarding defined benefit pension plans provided to employees by a state or local government?

• A)Defined benefit pension plans are fully funded by the employees of a state or local government.
• B)Pension requirements create a huge financial obligation for many governments across the United States.
• C)Many state and local governments establish pension trust funds to accumulate and invest monetary resources and to pay out pension benefits.
• D)Pension trusts are classified as fiduciary funds.
• E)Pension trusts are not included in reporting government-wide financial statements.

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