Why Have Employers Switched to Defined-Contribution Plans Instead of Defined-Benefits

question 98

Multiple Choice

Why have employers switched to defined-contribution plans instead of defined-benefits plans for most companies?

• A)They remove the financial risk for future pension costs away from the company and pass it on to the employee.
• B)The employer doesn't want to do any bookkeeping for the retirement plan.
• C)Employers care deeply about what employees eventually receive from their plan.
• D)All of the above are correct.
• E)Only A and B are correct.

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Definitions:

Antigens

Foreign substances that induce an immune response in the body, especially the production of antibodies.

Psychological Hardiness

A personality trait characterized by resilience, commitment, control, and acceptance of challenges.

Aggression

Behaviors or attitudes that may be directed towards others or oneself, embodying actions of anger, hostility, or violence.

Commitment

A state or quality of being dedicated to a cause, activity, or relationship, often implying a sense of obligation or responsibility.