Which of the Following Is True of Defined Benefit Plan

question 35

Multiple Choice

Which of the following is true of defined benefit plan?

• A)It makes the employee bear the risks associated with changes in inflation and interest rates.
• B)It does not require managing of surplus or deficit in pension fund.
• C)It is more favourable to short-term employees.
• D)It allows employer costs to be known up front.
• E)It provides an explicit benefit which is easily communicated.

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Medical Care Act

Legislation or regulatory framework designed to govern the provision, quality, and accessibility of healthcare services.

Health Canada

The federal department responsible for helping Canadians maintain and improve their health, ensuring the quality of health services and products.

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The initial stage or period of a process, treatment, or therapy where information is gathered and assessments are made.

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A type of temporary housing provided to individuals and families without a permanent residence, offering protection, meals, and support services.