GASB 68 & 71 Quiz Full Name Question Title * 1. Full Name Municipality or Organization Question Title * 2. Municipality or Organization Job Title/Position Question Title * 3. Job Title/Position Email Question Title * 4. Email Are you a member of MMCT&FOA Question Title * 5. Are you a member of MMCT&FOA The following pension plan(s) are cost-sharing multiple employer plans: Question Title * 6. The following pension plan(s) are cost-sharing multiple employer plans: 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 Which pension plan is the only plan that offers a defined contribution option? Question Title * 7. Which pension plan is the only plan that offers a defined contribution option? 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) Pension expense, as referred to in GASB 68, is the employers annual contributions made to the plan. Question Title * 8. Pension expense, as referred to in GASB 68, is the employers annual contributions made to the plan. True False Covered employee payroll is equal to pensionable payroll for all pension plans. Question Title * 9. Covered employee payroll is equal to pensionable payroll for all pension plans. True False Which item(s) do I need to complete the GASB 68 worksheet? Question Title * 10. Which item(s) do I need to complete the GASB 68 worksheet? 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 Done