Author Question: Based on the GASB's proposed new pension accounting standard, the net pension liability is: a. ... (Read 78 times)

kwoodring · **on:** Jul 5, 2018

Based on the GASB's proposed new pension accounting standard, the net pension liability is:

a. the unfunded annual required contribution
b. the pension benefit that is due to retirees during the next fiscal year
c. the present value of projected benefit payments that is attributable to employees' past periods of service, less the related pension plan's net position
d. the actuarial value of a pension plan's assets minus the actuarial present value of projected retiree pension benefits

Question 2

The goal of systems design is to meet
a. when to implement a system
b. user needs
c. the size of the competitor's system
d. changes to the present system