A Retirement Program That Pays Retiring Employees a Fixed Retirement

question 80

True/False

A retirement program that pays retiring employees a fixed retirement income based on average earning over a period of time is a defined contribution plan.

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Definitions:

Digital Certificates

Electronic documents that use a digital signature to bind a public key with an identity, enabling secure communication over the internet.

Digital Signatures

Electronic forms of signatures that provide a secure and authentic means to sign documents and authenticate the signer.

National Fraud Center

An entity focused on researching, identifying, and combating fraud across various sectors to protect individuals and organizations.