The Minimum Standards for Pension Plans Must Be Met for the Plan

question 20

Multiple Choice

The minimum standards for pension plans must be met for the plan to qualify for:

• A)liquidity benefits.
• B)preferential tax treatment.
• C)federal accreditation.
• D)FELA status.

---

Definitions:

Rehearsal

The act of practicing or going over material repeatedly in order to learn and retain the information, typically used in reference to memorization or preparation for performances.

Iteration

The process of repeating a set of operations or a procedure, often with the aim of approaching a desired goal or result.

Redundancy

In the context of employment, it refers to the elimination of a job or position because it is no longer necessary, often leading to the termination of employment for those in those roles.

Estimation

The process of making an educated guess or calculation about a value, quantity, or outcome when exact data is not available.