Which of the Following Is Not True Regarding Postemployment Benefit

Multiple Choice

Which of the following is not true regarding postemployment benefit plans other than pension plans?

A) Most governments have operated on a pay-as-you-go basis, and plan net assets are small relative to benefits promised.
B) GASB Statement No. 43, Financial Reporting for Postretirement Benefit Plans Other Than Pension Plans, requires that such plans be fully funded.
C) Similar to pensions, governments are required to present two financial statements, the Statement of Plan Net Assets and the Statement of Changes in Plan Net Assets.
D) Two schedules must be included as required supplementary information: the Schedule of Funding Progress and the Schedule of Employer Contributions.