Which of the Following Statements Is True About the Pension

question 4

Multiple Choice

Which of the following statements is true about the Pension Benefit Guaranty Corporation (PBGC) ?

• A)It was created by the Consolidated Omnibus Budget Reconciliation Act (COBRA)of 1985.
• B)It guarantees a complete pension benefit replacement.
• C)It does not guarantee health care benefits.
• D)It is not funded by an annual contribution per plan participant.
• E)It allows payouts to be adjusted for cost-of-living changes.

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Definitions:

Navigation Acts

were a series of laws passed by the British Parliament that regulated trade between England and its colonies, designed to ensure that trade enriched Britain.

Colonial Products

Goods and commodities that were traditionally produced in colonies, such as tea, sugar, coffee, and spices, often exploited for economic gain by colonial powers.

Yamasee War

The Yamasee War was a conflict between colonial South Carolina and several Native American tribes, including the Yamasee, in 1715-1717, partly due to disputes over trade and territory.

Indian Tribes

Indigenous groups in the United States, recognized as sovereign entities with their own governance and cultural practices.