31.Investment pools invested from external parties are recorded in Investment Trust Funds. 32.Defined Benefit Pension Plans are required to pay retired employees an amount determined by formula,...





31.Investment pools invested from external parties are recorded in Investment Trust Funds.



32.Defined Benefit Pension Plans are required to pay retired employees an amount determined by formula, regardless of the amount contributed to the plan.



33.Defined contribution plans are required to pay retired employees a certain amount regardless of the amount contributed to the plan.



34.Reporting for Defined Benefit Pension Plans requires two supplementary schedules; the Schedule of Funding Progress and the Schedule of Employers Contributions.



35.Governments that contribute to single employer and agent multiple-employer plans compute annual pension cost as the annual required contributions.



36.Governments that contribute to single employer and agent multiple-employer plans compute annual pension cost as the normal cost.



37.Governments that contribute to single employer and agent multiple-employer plans compute annual pension cost as the unfunded actuarial liability.



38.Governments that contribute to single employer and agent multiple-employer plans compute annual pension cost as the net pension obligation.



39.Investment Trust Funds account for only the external portion of investment pools.



40.Pension Funds report the government’s pension expense for the year.







May 15, 2022
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