Examlex

Solved

Which Type of Pension Plan Promises Employees a Certain Monthly

question 85

Multiple Choice

Which type of pension plan promises employees a certain monthly cash amount after they retire?


Definitions:

Means-tested

A determination of whether an individual or family is eligible for government assistance based on their income and assets.

Redistribution Programs

Government policies designed to reduce economic inequality by redistributing income from wealthier segments of society to poorer ones.

Specified Level

A predetermined or defined intensity, quantity, or magnitude of a particular variable.

Technological Change

Innovations and improvements in technology that enhance productivity, efficiency, and the overall quality of goods and services.

Related Questions