1) Which of the following arrangements results in an employer promising a former employee a fixed pension payment each month?

A) Defined benefit plan B) Defined contribution plan C) Optional retirement plan D) Both a and b E) None of the above

2) A government sponsors a defined benefit pension plan for which it accumulates resources in a Pension Trust Fund that meets GASB requirements. Which of the following should be reported in its proprietary fund statement of net position to report its pension obligation?

A) Total pension liability B) Net Pension liability C) Actuarially determined contribution liability D) Pension obligation E) None of the above