Which of the Following Characteristics Is Not a Characteristic of a Cash

question 49

Multiple Choice

Which of the following characteristics is not a characteristic of a cash balance plan?

• A)It is similar in many aspects to a defined benefit plan.
• B)The employee bears the investment risk and rewards.
• C)It establishes allocations to individual employee accounts.
• D)Payout depends on how much builds up over time in the employee's individual account.
• E)None of these.

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Definitions:

Age Discrimination in Employment Act

A US federal law that prohibits employment discrimination against persons 40 years of age or older.

Private Employers

Individuals or entities that operate businesses or hire workers in the private sector, outside of governmental control.

Same-Sex Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature between individuals of the same sex.

Title VII

A provision within the Civil Rights Act of 1964 that disallows discrimination in hiring practices based on someone's race, color, religion, sex, or the country they come from.