A Plan That Contains a Formula for Determining Retirement Benefits

question 22

Multiple Choice

A plan that contains a formula for determining retirement benefits is known as a ________.

• A)defined contribution pension plan
• B)defined benefit pension plan
• C)cash balance plan
• D)401(k)plan

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Definitions:

Occupational Segregation

A pattern in which different groups of workers are separated into different occupations.

Secretaries

Administrative professionals responsible for managing correspondence, maintaining files, and executing other office tasks to support an organization or individual.

Child-care Workers

Individuals who provide care and supervision for children, especially during working hours for parents, often in settings like daycare centers or private homes.

Intersectional Theory

An analytical framework which identifies how interlocking systems of power impact those who are most marginalized in society.