Which Federal Law Sets Minimum Standards for Pension Plans in Private

question 169

Multiple Choice

Which federal law sets minimum standards for pension plans in private industry and protects more than 50 million workers?

• A)Employee Retirement Income Security Act
• B)Tax Reform Act
• C)Early Retirement Act
• D)Income Protection and Guarantee Act
• E)Civil Rights Act

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Definitions:

Wage Cut

A reduction in the hourly rate or salary paid to an employee by an employer, often due to economic pressures or company performance.

Quality Distribution

A concept referring to the way in which various levels of quality of a product or service are spread out or distributed across different units or entities.

Appraiser

A professional who evaluates the market value of assets, often used in real estate to determine property values.

Original Owners

The first individuals or entities to have legal possession or control of a property or asset.