1-12 fill in blank, true/false, yeso. Thank you!

1 Is the actuarial settlement meant to be the same as the Esimated Rate of return on plan assets? 2.a. An employer offers a pension plan in which the annual retirement payments are fixed. Under this plan if the Pension Assets run out, the employer remains obligated to make these annual payments. What kind of Pension Plan is this - Defined Benefit Plan or Defined Contribution Plan? In this plan who bears the ultimate risk for returns on plan assets - the employees or the employer? 2.b. 3.a. An employer offers a pension plan where both the employee and the employer make contributions. The employee's account vests immediately and is evidenced by a 401K If the pension assets run out when the employee is retired, pension payments stop. The employer has no obligation to the employee if it makes its contributions. What kind of plan is this? - A Defined Benefit Plan or a Defined Contribution Plan? In this plan who bears the ultimate market risk on plan asset returns? 3.b. What is the measurement basis for the annual pension obligation that the employe ears in a defined benefit plan and is used to record the current period pension expense? (Hints: Expected Future Value, Present Value, Market Value) 5 thru 8 Name the four kinds of income (expenses) that Pension Trustees can earn on Pension Assets. 5 6 7 8 9 The AOCI account is used to temporarily shield the Income Statement from wild unexpected swings related to pension acturial assumptions, market returns and changes in plans. What is the name of this Income Statement strategy, meant also to minimizs the disruption in Earnings in any one given year. In accounting jargon what is the label for the expense representing the current period pension cost that must be accrued for this year's work by each employee. 10 11.A. Name the federal agency that, under certain circumstances, is required by bankruptcy courts to assume the responsibility for corporate defined benefit plans. Is that federal agency known for being structurally sound (solvent) or "at risk" itself for insolvency? What cost is imposed on workers by this agency as part of the bargain to keep (part of their pension benefits? 11.B. 11.C. 12 The federal government, under Presdient Franlin Delano Roosevelt instituted a federal pension program that is available to many, but no all Americans. For example, Louisiana state workers are not members of this plan and instead are members of the Louisiana State Retirement System. Please name this federal pension program, which operates like a defined benefit plan