All of the Following Are Requirements of a Qualified Pension

question 57

Multiple Choice

All of the following are requirements of a qualified pension plan except:

• A)The plan must be in writing.
• B)The plan cannot discriminate in favor of highly paid employees.
• C)The plan must be for the exclusive benefit of the employees or their beneficiaries.
• D)The plan must cover all employees who have worked for the company more than 18 months.
• E)The plan must limit the amount of contributions that can be made to the plan and/or the benefits received from the plan.

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Definitions:

Urban Areas

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

Local Air Pollution

Contamination of the air within a specific area or region, primarily due to human activities, that can harm human health and the environment.

Deforestation

The large-scale removal of forest areas through cutting or burning, often to clear land for agriculture or development.

Fossil Fuel Burning

The combustion of coal, oil, gas, or other fossil fuels to produce energy, resulting in the emission of greenhouse gases and other pollutants.