If a Defined Contribution Pension Cannot, for Whatever Reason, Make

question 49

Multiple Choice

If a defined contribution pension cannot, for whatever reason, make good on their anticipated payments to retirees, the

• A)retirees are out of luck.
• B)retirees get an extra payment from Social Security.
• C)pensions are paid by the Pension Guaranty Trust Corporation.
• D)retirees must sue their former employer.

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Definitions:

Federal Commissioners

Officials appointed by the federal government to oversee specific areas of administration, regulation, or enforcement in various fields.

Free Soil Party

A short-lived political party in the United States (1848–1854) focused on opposing the expansion of slavery into the Western territories, advocating for "free soil, free speech, free labor, and free men."

Homesteads

Land and the dwelling (or dwellings) on that land where a family makes its home, historically associated with government grants to settlers for farming in the American West.

Economic Independence

The state of having sufficient personal wealth to live, without having to work actively for basic necessities, allowing an individual financial freedom.