Which of the Following Is True of Defined Benefit Pension

question 73

Multiple Choice

Which of the following is true of defined benefit pension plans?

• A) They are enforced and overseen by the National Mediation Board.
• B) It offers retirees a fixed amount a month for a predefined period.
• C) It promises retirees lifetime annuity payments based on terminal earnings and years of service with the company.
• D) The employee covered by the plan is required to pay the premium.

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Definitions:

Successful Leaders

Individuals who effectively guide and direct a group towards achieving its goals.

Decisiveness

The ability to make decisions quickly and effectively.

Competence

A measure of an individual's ability or skill in performing tasks effectively.

Modesty

A behavior or attitude that shows a moderate or low view of one's importance, often reflecting humility or a lack of boastfulness.