A Parallel Track Enables an Employee to Specialize in Two

question 6

True/False

A parallel track enables an employee to specialize in two different types of work and to advance within either.

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Definitions:

Defined-Contribution

A type of retirement plan where an employer, employee, or both make contributions, but future benefits depend on investment performance.

Defined-Benefit Pension Plans

Retirement plans where the employer guarantees a specific retirement benefit amount based on factors such as salary history and duration of employment.

Childcare

The care and supervision of a child or children, typically from infancy to age thirteen, by a person other than the child's legal guardians.

Eldercare

Support and services provided to meet the needs and requirements of elderly people.