Most Pension Plans Are Now Viewed as Providing Deferred Income

question 28

Multiple Choice

Most pension plans are now viewed as providing deferred income that employees accumulate during their working life and that belongs to them after a specified number of years of service. Which of the following is this view based on?

• A) provincial law
• B) a pay-as-you-go philosophy
• C) a reward philosophy
• D) an earnings philosophy

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Definitions:

Unconditioned Responses

Natural, automatic reactions to a stimulus that occur without prior learning or conditioning.

Observational Learning

Learning by observing others.

Spontaneous Recovery

The reappearance, after a pause, of an extinguished conditioned response.

Respondent Behavior

Behavior that occurs as an automatic response to some stimulus.