In a Defined Contribution Pension Plan

question 15

Multiple Choice

In a defined contribution pension plan,

• A) The plan does not promise to pay the retiree a specific income stream after retirement.
• B) The plan does promise to pay the retiree a specific income stream after retirement.
• C) The employee's retirement income is not an obligation of the firm.
• D) The company carries the risk of paying future pension benefits to retirees.
• E) Choices a and c

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Definitions:

Internal Migration

The movement of people within a country, often from rural areas to cities, for reasons such as employment, education, or housing.

Rural Areas

Regions characterized by low population density, limited industrialization, and a predominance of agriculture and natural environment.

Urban Areas

Regions characterized by high human population density and vast human-built features in comparison to areas surrounding it.

Musical Miscegenation

The blending or fusion of different musical genres or styles, often from diverse cultural backgrounds.