In a Defined-Contribution Plan

question 45

Multiple Choice

In a defined-contribution plan:

• A)Only the employee makes contributions into the fund
• B)The retirement benefits will vary with both the amount contributed and the performance of the fund
• C)The benefits are determined mainly by years of service
• D)No vesting is required; employees are eligible for benefits from the time they make their first contribution

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Definitions:

Psychopaths

Individuals who exhibit a long-term pattern of manipulating, exploiting, or violating the rights of others, often without any remorse.

Heightened Ability

An enhanced or increased skill set beyond the average level, often specific to a particular function or activity.

Obsessive-Compulsive Personality

A behavioral disorder marked by an ongoing obsession with being orderly, perfect, and in control, which negatively impacts their ability to be flexible, open, and efficient.

Inflexibility

The lack of adaptability or willingness to change one's opinions, behavior, or plans, often leading to difficulties in various aspects of life.