A Statewide Pension Plan Exists for All Local Governments in a Certain

Multiple Choice

A statewide pension plan exists for all local governments in a certain state.The provisions of the plan indicate that each qualifying retiree receive 2% multiplied by the number of years active employment multiplied by the average salary for the past four years of service.The government calculates the actuarial liability on a statewide basis,not by individual government.The plan would be known as a (an) :

A) multiple-employer, defined benefit, agency plan.
B) multiple-employer, defined contribution plan.
C) multiple-employer, defined benefit, cost-sharing plan.
D) Single employer plan.