With regard to current GASB standards for pension reporting, do the following:

a.Distinguish between (1) defined contribution plans and (2) defined benefit plans.

b.Distinguish between (1) agent and (2) cost-sharing multiemployer plans.

c.Define the following terms: (1) plan fiduciary net position and (2) net pension liability.

d.Distinguish between reporting for employers for (1) general government employees and for (2) enterprise fund employees.