Which of the Following Local Governments Is Least Likely to Report

question 17

Multiple Choice

Which of the following local governments is least likely to report a net pension liability for underfunded pension obligations?

• A) A local government acting as trustee for a defined benefit pension plan.
• B) A local government participating in a state sponsored defined benefit pension plan.
• C) A local government participating in a state sponsored defined contribution pension plan.
• D) None of the above, local governments do not report net pension liabilities.

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Definitions:

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Availability Heuristic

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