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Qpa Qualified Pension Administrator Exam Prep Questions And Answers Study Guide 2026

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Voorbeeld 2 van de 9 pagina's

QPA most commonly refers to ASPPA’s Qualified Pension Administrator credential, focused on defined-benefit plan administration, including retirement benefits, present-value calculations, plan assets, valuations, funding and accounting reports, distributions, QDROs, and compliance requirements.

Voorbeeld van de inhoud

QPA Exam Review Rutgers


Question 1.



ANSWER




Question 2.
Dillon's Rule

ANSWER
Provides for a Strict Construction Approach - State Supremacy over local government. Municipal Corporations possess those powers granted by state
legislatures in express terms, together with those necessarily implied by the powers granted, and those indispensable powers essential to the objectives of
the municipal corporation.



Question 3.
The "Cooley Doctrine"

ANSWER
Local Government existed before State Government. Judge described basic tenets of American political philosophy, namely t4 things that exist;
1. Inherent right of local government
2. Right to local self government to be absolute right which could not be abridged
3. Many local governments existed before state government
4. Local governments come out of the "fabric" of American life & were the "cradle" and guardian of American liberty and democracy



Question 4.
Forms of NJ Municipal Government

ANSWER
1. Boroughs
2. Commission
3. Municipal Manager
4. Townships
5. Villages
6. Towns
7. Cities
8. Optional Municipal Charter Plans (Faulkner Act)



Question 5.
Types of Optional Municipal Charter Plans - Faulkner Act

ANSWER
1. Mayor - Council Plan
2. Council - Manager Plan
3. Small Municipality Plan
4. Mayor-Council-Administrator Plan Only Government that requires governing body to appoint a QPA




1/9

, Question 6.
Forms of NJ County Governments

ANSWER
1. Board Form
2. Optional County Charter Plans - All maintain centralized purchasing procedures.
a. County Executive Plan
b. County Manager Plan
c. County Supervisor Plan
d. Board President Plan



Question 7.
Common Rule

ANSWER
Regarding general procurement procedures & the expenditure of grant funds local contracting units shall utilize local procurement procedure that reflect
state law if they conform to federal law. If state & federal law is in conflict, use the stricter provision



Question 8.
Uniform Commercial Code - UCC

ANSWER
Statutes that apply to contracting Parties whether private individuals or public entities. UCC reflects the common law for commercial transactions.



Question 9.
3 Main Reasons for UCC

ANSWER
1. to simplify the law
2. to permit the continued expansion of commercial practices through customization
3. to make uniform the law



Question 10.
Battle of the Forms

ANSWER
Refers to the backs of forms not matching while the fronts do



Question 11.
4 Elements of a Contract

ANSWER
1. Capable Parties - having legasl mental capacity
2. Mutual Consent - voluntary agreement
3. Lawful Objective - legal matter
4. Sufficient Cause to Contract - consideration, something for something




2/9

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