Question

The category of pension reporting known as "reporting for the plan" ______.

-only applies to governments that act as trustees for a retirement plan
-applies to all governments involved with retirement plans
-only applies to governments that use a statewide cost-sharing plan
-only applies to governments that use an agent plan

Answer 1

The category of pension reporting known as "reporting for the plan" only applies to governments that act as trustees for a retirement plan.

Step-by-step explanation:

The category of pension reporting known as "reporting for the plan" only applies to governments that act as trustees for a retirement plan. This means that the government is responsible for managing and overseeing the pension plan directly. It does not apply to governments that use a statewide cost-sharing plan or an agent plan, where the management of the retirement plan is outsourced to a third party or shared among multiple government entities.