Which of the following is false regarding defined benefit pension plans provided to employees by a state or local government? Multiple Choice O Defined benefit pension plans are fully funded by the employees of a state or local government O Pension requirements create a huge financial obligation for many governments across the United States. O Many state and local governments establish pension trust funds to accumulate and invest monetary resources and to pay out pension benefits. O Pension trusts are classified as fiduciary funds. O Pension trusts are not included in reporting government-wide financial statements