Pension Plans Are Required to Report Two Schedules,a Schedule of Funding

question 42

True/False

Pension plans are required to report two schedules,a schedule of funding progress and a schedule of employer contributions as required supplementary information (RSI)in their stand-alone financial reports and in pension plan financial information reported in the CAFR of sponsoring government.

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Definitions:

Direct Order

A command or instruction given clearly and explicitly, leaving no room for ambiguity or choice.

Cluttered Phrase

A phrase that is overly complex and difficult to understand, often due to unnecessary words or convoluted structure.

External Proposal

A formal suggestion or plan submitted to those outside an organization for consideration or decision.

Internal Proposal

A document or request submitted within an organization by one of its members, aiming to propose a project or initiative for internal approval.