Match the following terms to the appropriate definition. _____ a. Cost-sharing multiple employer plan _____...
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Accounting
Match the following terms to the appropriate definition.
_____ a. Cost-sharing multiple employer plan
_____ b. Defined contribution plan
_____c. Entry age actuarial cost method
_____ d. Other postemployment benefits
_____ e. Total pension liability
1. Employee takes on investment risk for this retirement plan.
2. Type of plan in which employees of all participating governments are placed in a common pool. The employees share all risks and costs and make contributions at the same rate.
3. Retirement benefits other than pension, such as medical, dental, vision, and hearing benefits.
4. Actuarial cost method required by GASB.
5. The sum of the net pension liability and net plan assets
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