In Order for a Pension Plan to Be Considered a "Qualified

question 43

True/False

In order for a pension plan to be considered a "qualified" retirement plan, the plan must satisfy certain minimum vesting requirements.

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Definitions:

Drive Reduction

A theory of motivation suggesting that behaviors are motivated by the desire to reduce internal states of tension.

Incentive Motivation

The idea that the level of motivation is affected by magnitude of reward: The greater the reward magnitude, the higher the motivation to obtain that reward.

Internal Arousal

The physiological and psychological state of being alert and engaged, often as a response to external stimuli or internal thoughts.