Pension Funds Whose Contributions Are Not Large Enough to Actually

question 74

Multiple Choice

Pension funds whose contributions are not large enough to actually cover the benefits to be paid out when all employees retire are termed

• A) divested.
• B) vested.
• C) unfunded,or underfunded.
• D) funded.
• E) None of the above.

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Definitions:

Succession Management

A strategic process of identifying and developing potential future leaders or senior managers to fill key positions within an organization when they become vacant.

Replacement Planning

The process of identifying and developing new leaders or employees who can replace old leaders when they leave or retire.

Time Horizon

The fixed point of time in the future at which certain processes or events are anticipated to occur or be completed.

Succession Management

A targeted approach to identifying and fostering the development of internal talent to ensure continuity in critical organizational roles.