A Defined Contribution Pension Plan Is One in Which the Employer

question 70

Multiple Choice

A defined contribution pension plan is one in which the employer agrees to do which of the following?

• A) To make payments to a specified pension plan with no guarantee of a specific pension amount to be paid to the employees.
• B) To make actuarially determined payments to a pension plan AND to guarantee that the employees will receive a specified pension benefit (usually determined by length of service and salary).
• C) To make actuarially determined payments to a pension plan that guarantees employees will receive a specified pension (usually determined by length of service and salary).
• D) To pay specified amounts (usually determined by length of service and salary) to the employees upon retirement.

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Definitions:

Summary Of Qualifications

A brief statement or section on a resume highlighting an individual's skills, experiences, and achievements relevant to a job application.

Statement Of Objectives

A document outlining the goals and intentions of a project, research, or an individual's professional aims.

Honest

Characterized by truthfulness and integrity in behavior or speech.

Interview Process

A series of steps or stages designed to assess the suitability of candidates for a specific job or role.