Many Postretirement Benefits Other Than Pensions Are Not Funded, in Part

question 52

True/False

Many postretirement benefits other than pensions are not funded, in part because they are not required to be funded by law, unlike pension plans.

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Definitions:

Self-Dealing

A situation where an individual in a fiduciary position acts to further their own interests rather than those of the individuals or entity they represent.

Corporate Profit

The financial gain retained by a corporation after deducting expenses from its income.

Objectionable Activities

Activities that are considered unacceptable or offensive by societal standards, often leading to legal, ethical, or regulatory scrutiny.

Private-Profit

Income or gain derived from one's business, profession, or capital, exclusive to the individual or corporation earning it.