This Type of Executive Retirement Plan Is Unfunded and Can

question 40

Multiple Choice

This type of executive retirement plan is unfunded and can be issued upon retirement or termination without cause,but the assets must be released to creditors if the company files for insolvency or bankruptcy. (Rabbi Trusts)

• A)Employee-owned annuities
• B)Secular trusts
• C)Rabbi trusts
• D)Corporate-owned life insurance

---

Definitions:

Geographic Immobilities

The difficulties and barriers in moving jobs or resources across different geographic locations, affecting labor markets and resource allocation.

Unionization Rate

The percentage of a particular population of workers that belongs to labor unions; alternatively, the percentage of a population of workers that is represented by one union or another in collective bargaining.

Union Members

Individuals who belong to an organization that represents workers in negotiations with employers over wages, benefits, and working conditions.

Shirking

Shirking describes when employees underperform or exert less effort than expected because of insufficient incentives or the absence of effective monitoring.