In a Non-Contributory, Defined Benefit Pension Plan, the Plan Assets

question 75

True/False

In a non-contributory, defined benefit pension plan, the plan assets are composed of the employer's cumulative contributions less cumulative pension benefits paid from the fund.

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Definitions:

Producer Surplus

The disparity between the price at which sellers are prepared to offer a product and the actual selling price they get.

Consumer Surplus

The difference between the highest amount a consumer is willing to pay and the actual price paid.

Supply Shift

A change in the quantity of a good that suppliers are willing and able to sell at each price, represented by a shift of the supply curve to the left or right.

Producer Surplus

The difference between the amount a producer is willing to accept for a good and the actual amount received from its sale.