Under the Provisions of a Typical Defined Benefit Pension Plan

question 45

Multiple Choice

Under the provisions of a typical defined benefit pension plan, the employer is responsible for ________.

• A)investing in conservative fixed-income assets
• B)paying benefits to retired employees
• C)counselling employees in the selection of asset classes
• D)paying employees the market rate of return on employee contributions

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Definitions:

Motivation

The processes that account for an individual's intensity, direction, and persistence of effort toward attaining a goal.

Perception

The process by which we receive and interpret information from our environment.

Equity Theory

A theory of motivation that posits employees are motivated to achieve a balance between their inputs and outcomes in relation to the inputs and outcomes of others.

Hierarchy of Needs Theory

A psychological theory proposed by Abraham Maslow that outlines a five-tier model of human needs, from basic physiological needs to self-actualization.