GASB 68 & 71 Quiz

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1. Full Name (Required.)

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2. Municipality or Organization (Required.)

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3. Job Title/Position

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4. Email (Required.)

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5. Are you a member of MMCT&FOA (Required.)

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6. The following pension plan(s) are cost-sharing multiple employer plans: (Required.)

Public Employees Retirement System (PERS)

Municipal Police Officers Retirement System (MPORS)

Sheriff's Retirement System (SRS)

Firefighters Unified Retirement System (FURS)

Teachers Retirement System (TRS)

All of the above

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7. Which pension plan is the only plan that offers a defined contribution option? (Required.)

Public Employees Retirement System (PERS)

Municipal Police Officers Retirement System (MPORS)

Sheriff's Retirement System (SRS)

Firefighters Unified Retirement System (FURS)

Teachers Retirement System (TRS)

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8. Pension expense, as referred to in GASB 68, is the employers annual contributions made to the plan. (Required.)

True

False

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9. Covered employee payroll is equal to pensionable payroll for all pension plans. (Required.)

True

False

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10. Which item(s) do I need to complete the GASB 68 worksheet? (Required.)

Employer specific data reports available on MPERA's website

PERS 2015 Pensionable payroll report available on MPERA's website

GASB 68 Worksheet available on the Local Government Services Bureau website

All of the above

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* 1. Full Name (Required.)

Question Title

* 2. Municipality or Organization (Required.)

Question Title

* 3. Job Title/Position

Question Title

* 4. Email (Required.)

Question Title

* 5. Are you a member of MMCT&FOA (Required.)

Question Title

* 6. The following pension plan(s) are cost-sharing multiple employer plans: (Required.)

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* 7. Which pension plan is the only plan that offers a defined contribution option? (Required.)

Question Title

* 8. Pension expense, as referred to in GASB 68, is the employers annual contributions made to the plan. (Required.)

Question Title

* 9. Covered employee payroll is equal to pensionable payroll for all pension plans. (Required.)

Question Title

* 10. Which item(s) do I need to complete the GASB 68 worksheet? (Required.)

1. Full Name (Required.)

2. Municipality or Organization (Required.)

3. Job Title/Position

4. Email (Required.)

5. Are you a member of MMCT&FOA (Required.)

6. The following pension plan(s) are cost-sharing multiple employer plans: (Required.)

7. Which pension plan is the only plan that offers a defined contribution option? (Required.)

8. Pension expense, as referred to in GASB 68, is the employers annual contributions made to the plan. (Required.)

9. Covered employee payroll is equal to pensionable payroll for all pension plans. (Required.)

10. Which item(s) do I need to complete the GASB 68 worksheet? (Required.)