Final answer:
False. Public employee retirement systems should not utilize budgetary accounts in the same manner as General Funds and special revenue funds.
Step-by-step explanation:
False. Public employee retirement systems should not utilize budgetary accounts in the same manner that General Funds and special revenue funds should. While General Funds and special revenue funds are used to allocate and track the revenue and expenses of government agencies and services, public employee retirement systems are typically structured as separate pension funds that are managed independently from the general budget.
These retirement systems have their own dedicated funding sources, such as contributions from employees and employers, and their own investment portfolios that generate returns to fund future retiree benefits. It is important to maintain the separation of retirement systems from the general budget to ensure the stability and sustainability of pension benefits for public employees.