The City of Springfield has three pension plans: a locally administered police plan for which it is trustee, a statewide cost sharing plan, and a statewide agency plan. The City would include in its CAFR pension trust fund financial statements for:

Question

Quizplus · Accepted Answer

If a government has a locally administered pension plan for which it is trustee, the government would report the locally administered plan as a pension trust fund in the basic financial statements which would be included in the CAFR.

The City of Springfield Has Three Pension Plans: a Locally