Most of the Pension Plans in Privately Held Organizations Are

question 95

True/False

Most of the pension plans in privately held organizations are contributory.

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Definitions:

Statutory Assignment

The transfer of rights or benefits from one party to another as permitted or dictated by statute.

Chose in Action

A personal right to property that is recoverable through legal action, such as debts owed or rights in a contract.

Contract Mistakes

Errors made by one or more parties that can affect the validity and enforceability of a contract.

Constructive Trust

A trust inferred by the courts to benefit a third party to a contract.