In a Contributory Defined Contribution Pension Plan,all of the Following

question 94

Multiple Choice

In a contributory defined contribution pension plan,all of the following are true with the exception of

• A)a separate account is established for each participant.
• B)both the employee and employer can make contributions to the plan.
• C)amounts are contributed to the plan based upon a specific formula.
• D)retirement benefits are a fixed amount based on the level of compensation earned by the employee during the working years.

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Definitions:

Breeders

Usually refers to individuals or organizations that selectively breed plants or animals for specific genetic traits.

Opposable Thumbs

A feature of some primates' hands, allowing the thumb to touch the fingertips of the same hand, enabling grasping and manipulation of objects.

Bipedally

Walking on two feet as the primary form of locomotion, characteristic of humans and their ancestors.