Question

Pension plans are required to report two schedules, a schedule of funding progress and a schedule of employer contributions as required supplementary information (RSI) in their stand-alone financial reports and in pension plan financial information reported in the CAFR of sponsoring government. True False

Answer 1

Pension plans are required to report two schedules, a schedule of funding progress and a schedule of employer contributions as required supplementary information (RSI) in their stand-alone financial reports and in pension plan financial information reported in the CAFR of sponsoring government - Both statements are true.

Step-by-step explanation:

Pension plans are required to report two schedules, a schedule of funding progress, and a schedule of employer contributions as required supplementary information (RSI) in their stand-alone financial reports -This statement is correct.

Pension plan financial information is reported in the CAFR of sponsoring government - This statement is also correct.

Therefore, both statements are true.