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 financial statements for:

Question

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The City of Springfield would include in its CAFR financial statements only the locally administered police plan for which it is the trustee. The statewide plans are not administered by the city and therefore are not included in its financial statements.

The City of Springfield Has Three Pension Plans: a Locally