With a Defined-Contribution Plan,the Plan Document Specifies the Benefits Promised

question 136

True/False

With a defined-contribution plan,the plan document specifies the benefits promised to the employee at the normal retirement age.

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Definitions:

Court of Appeals

A court that hears appeals from lower court decisions, reviewing and potentially reversing or modifying these decisions.

Court of Federal Claims

The Court of Federal Claims is a federal court that handles cases involving monetary claims against the U.S. government.

U.S. District Court

The general trial courts of the United States federal court system where civil and criminal cases are filed and heard.

U.S. Tax Court

A federal court that provides taxpayers a venue to dispute tax assessments made by the Internal Revenue Service.