Which of the Following Is True of a Cash Balance

question 47

Multiple Choice

Which of the following is true of a cash balance plan?

• A) All contributions to the plan come from the employee.
• B) The money earns interest at a predetermined rate,such as the rate paid on U.S.Treasury bills.
• C) Older employees with many years of service benefit to a greater degree than do younger workers just starting their careers.
• D) It penalizes employees for changing jobs.
• E) Employees cannot predict retirement benefits under cash balance plans.

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Definitions:

Computer-mediated Meetings

Gatherings held via digital platforms where participants use computers or other smart devices to interact, discuss, and make decisions, often without being physically present in the same location.

Teleconferencing

The use of telecommunications technology to hold meetings between participants in different locations, allowing for audio and video communication.

Constructive Feedback

Information provided to an individual or group that is intended to help improve or develop performance, behavior, or skills in a supportive manner.

Impact on the Receiver

The effect or influence that a communicated message or action has on the individual or group receiving it.