What is meant by unfunded liability

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Question -

List and describe five socio-economic items in a government pension plan?

What is the difference between Defined Benefit and Defined Contribution Plan?

What is meant by unfunded liability?  and what is the unfunded liability in a government pension plan?

Identify and explain at least five of the most recent GASB standards that have been used to address the current trend of pension underfunding. How does these standards impact the a government pension plan?

Calculate five ratios of a government retirement plan on employee benefit plans and describe your results.

Please help me with these questions regarding a government retirement plan.

Reference no: EM133061177

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