Using the 2018 report for the LACERS pension fund, answer the following question; Which of the...
Using the 2018 report for the LACERS pension fund, answer the following question;
Which of the following had the greatest impact on the LACERS net pension liability in the most recent year?
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Service cost |
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Interest cost |
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Benefit payments |
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Total contributions. |
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None of these had an impact on the net pension liability. |
Homework Answers
Answer: Option b interest cost
As per the 2018 financial report, the following figures have been arrived at:
Service cost= $352283
Interest cost= $1332878
Benefits payments= $851885
Contributions:
- employer= $450195
- member= $230757
- total contributions= $680952
From the above figures it is evident that all the items did have an impact on the LACERS net pension liability. So option d is definitely not the answer.
No other item comes as high as interest cost. Therefore option b interest cost is the answer.
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