If a Pension Fund Has Sufficient Contributions and Earnings to Pay

question 75

Multiple Choice

If a pension fund has sufficient contributions and earnings to pay benefits,it is said to be

• A)underfunded.
• B)at par.
• C)fully funded.
• D)over par.

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Definitions:

Federal Statutory Law

Laws enacted by the United States Congress that apply to the entire country and are recorded in the United States Code.

Adversarial System

A legal system where two opposing parties present their arguments and evidence to a neutral judge or jury, which decides the outcome.

Litigation

The process of taking legal action in court to enforce or defend a right, resulting in a judge or jury making a decision on the case.

Reputation

The public perception or esteem in which an individual or company is held by others.