Which of the Following Statements Concerning Pensions Is Correct

question 57

Multiple Choice

Which of the following statements concerning pensions is correct?

• A)Defined benefit plans offer a retiree more security than defined contribution plans.
• B)The accounting for a defined contribution plan is more complex than for a defined benefit plan.
• C)Pension funding must always equal the pension expense.
• D)The employee will forfeit vested pension contributions if he\she is terminated.

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Definitions:

Homogenizing

The process of making something uniform or similar by blending disparate elements.

Grey Owl

An influential environmentalist and writer who, despite being born in England, adopted a First Nations identity and advocated for conservation in Canada.

Conservationist

An individual who advocates for the protection and preservation of the environment and wildlife.