Question
The value of investments held by the Pension Funds for Los Angeles in 2019: Increased in value. Decreased in value. Changes in value cannot be
The value of investments held by the Pension Funds for Los Angeles in 2019:
Increased in value. | ||
Decreased in value. | ||
Changes in value cannot be determined by the financial statements. | ||
Remained the same value |
Who in Los Angeles contributed more to the pension plans in the current year?
the employees. | ||
Cannot be determined from the CAFR. | ||
the city and employees contributed equally. | ||
the city. |
In addition to accumulating resources to pay pensions, Los Angeles also has a liability for health benefits upon retirement.
True
False
What is the actual net rate of return earned by LACER plan assets in the most recent year?
5.5% | ||
18.2% | ||
7.25% | ||
0% |
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