Which of the Following Is Not a Difference Between Defined

question 33

Multiple Choice

Which of the following is not a difference between defined benefit pension plans and other postretirement benefits (OPBs) ?

• A) Unlike defined benefit pension plan payments, there is no cap on the amount of OPBs benefit to be paid to participants.
• B) Unlike defined benefit pension plans, management promises OPBs payments in exchange for current services.
• C) Unlike defined benefit pension plans, employees do not accumulate additional OPBs benefits with each year of service.
• D) Unlike defined benefit pension plans, OPBs do not vest.

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Definitions:

Securities Act of 1933

A federal statute that regulates the offer and sale of securities to protect investors against fraud.

Issue Securities

The process by which corporations, governments, or other entities raise capital by distributing new financial instruments, such as stocks or bonds, to investors.

Exempt Transactions

Transactions that are provided an exception from certain legal requirements or regulations, often found in securities law.

Intrastate Issues

Matters or disputes that occur within the same state and are governed by state laws.