What is the difference between pension and postretirement, Finance Basics

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What is the difference between pension and postretirement

Use the GAP's financial statement to obtain the answers. https://www.gapinc.com/content/attachments/gapinc/GPS%202014%20Annual%20Report.pdf

Examine and analyze the company's financial statements and pension and other postretirement benefit plans footnote. Based on your analysis, create a 4- to 5-page report in a Microsoft Word document, that includes answer to the following questions:

What is the difference between pension and postretirement benefits?
What type of pension and other postretirement benefit plans the company offers to its employees?
What are the reporting requirements for pension plans in the financial statements?
What is the funded or unfunded status of pension benefits and other retiree benefits for the most recent fiscal year?
What are the assumptions made to calculate pension benefits and other retiree benefits?
If the company has assets in Level 1, Level 2, and Level 3 categories, in which category are the majority of assets concentrated?

Support your responses with appropriate reasoning and examples.

Cite any sources using APA format.

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Finance Basics: What is the difference between pension and postretirement

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