Governments may hold and invest resources on behalf of their employees and those of other government to pay pensions when the employees retire.Select one:a.None of the choicesb.Fiduciary-typec.Governmental-typed.Business-type

Discuss the significance of Pensions in the public sector?

Funds used to account for assets held by a government in a trust or agency capacity for others.Select one:a.Permanent Fundsb.Internal Service Fundsc.Agency Fundsd.None of the choicesClear my choice

Established by the employer to provide benefits to one or more employees after the formal retirement are termed as:*1 pointPension fundTermination benefitsPost-employment benefitsPost-employment benefit plan

The Social Security benefits that retirees receive are funded primarily byMultiple Choiceborrowed funds, which contribute to the national debt.equal contributions from the national and state governments.None of these answers are correct.income tax contributions they made in the past, which were put into a trust fund from which current payments are made.payroll taxes on those who worked or are now working.

Funds used to account for resources held by government units in a purely custodial capacity.Select one:a.Internal Service Fundsb.Permanent Fundsc.Enterprise Fundsd.Agency Funds