Russell Has a Pension Plan That Is Not Indexed to the Cost

question 53

Multiple Choice

Russell has a pension plan that is not indexed to the cost of living.He needs to save some extra money for his retirement so that he will maintain his current standard of living.What type of pension plan does Russell have?

• A) floating income
• B) locked investment
• C) portable pension
• D) fixed pension

---

Definitions:

Neurocognitive Disorder

A category of mental health disorders that primarily affect cognitive abilities including learning, memory, perception, and problem-solving.

Strokes

Medical conditions occurring when the blood supply to part of the brain is interrupted or reduced, leading to brain tissue damage or death.

Alzheimer's Disease

A progressive neurodegenerative disorder characterized by cognitive decline and memory loss, considered the most common form of dementia.

Down Syndrome

A genetic disorder caused by the presence of an extra 21st chromosome, leading to developmental and physical growth delays.