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Explain the Three Classifications That Apply to Basic Pension Plans

question 69

Essay

Explain the three classifications that apply to basic pension plans.


Definitions:

Predictors

Variables or factors that can be used to forecast future events or outcomes.

Retirement

The period of someone's life during which they choose to permanently leave the workforce behind.

Social Security

A government program that provides financial assistance to people with an inadequate or no income, especially the elderly, disabled, and families with children.

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