Which of the Following Statements About Pension Plans If Any

question 8

Multiple Choice

Which of the following statements about pension plans if any, is incorrect?

• A) A defined contribution plan is, in effect, a savings plan that is funded by employers, although many plans also permit additional contributions by employees.
• B) Under a defined benefit plan, the employer agrees to give retirees a specifically defined benefit, such as $500 per month or 50 percent of the employee's final salary.
• C) A portable pension plan is one that an employee can carry from one employer to another.
• D) An employer's obligation is satisfied under a defined contribution plan when it makes the required contributions to the plan. The risk of inadequate investment returns is borne by the employee.
• E) If assets exceed the present value of benefits, the pension plan is fully funded.

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Definitions:

Emotional Setting

Emotional setting refers to the emotional tone or atmosphere of a place or situation, which can significantly affect individuals' feelings and behaviors.

Role-play Procedure

A method used in training or therapy involving participants adopting and acting out specific roles within simulated scenarios to explore behaviors and strategies.

Protagonist

A leading or principal character in a story, drama, or other literary work.

Environmental Interventions

Actions taken to modify the physical or social environment with the aim of improving outcomes for individuals, communities, or ecosystems.