Which of the Following Statements Regarding Minimum Vesting Standards for Qualified

question 28

Multiple Choice

Which of the following statements regarding minimum vesting standards for qualified defined benefit plans is (are) true?
I.The vesting standards apply to both employer and employee retirement contributions.
II.Employers may vest benefits more quickly than the minimum standards.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Social Conservative

An ideology focusing on preserving traditional beliefs, values, and institutions, including the importance of family, morality, and maintaining social order.

Pacifist

A person who believes in pacifism, advocating for peace and opposing war or violence as a way to settle disputes.

Federal Government

A system of government where power is divided between a central (national) government and various regional governments.

Unemployment

A situation where individuals who are capable of working and are actively seeking work are unable to find employment.