Which Employer Retirement Plan Specifies the Benefits Promised to the Employee

question 9

Multiple Choice

Which employer retirement plan specifies the benefits promised to the employee at the normal retirement age?

• A)Defined-contribution plan
• B)SEP IRA
• C)401(k)
• D)Roth IRA
• E)Defined-benefit plan

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Definitions:

Health Care Disparities

Differences in health care access and quality among different populations, often influenced by social, economic, and cultural factors.

Lack Of Insurance

The state of being without any form of insurance coverage, which can lead to difficulties in accessing healthcare services.

Health Promotion

The process of enabling people to increase control over, and to improve, their health through lifestyle changes and societal conditions.

Cultural Factors

Elements of culture that influence beliefs, behaviors, and values, affecting various aspects of health and lifestyle.