Which of the following statements regarding the funding of governmental pension plans is not true? Select one: 

a. As a general rule, a funded ratio below 60 percent is considered to be “weak.” 

b. The GASB requires the funded ratio be reported as required supplementary information for each of the past 10 years. 

c. As a general rule, a funded ratio of 80 percent indicates that a pension plan to be reasonably funded. 

d. Financial analysts should look to see if the government uses a high earnings rate assumption on plan investments because the higher the earnings assumption, the more likely it is that the plan will be well funded.