Many Employers Have Eliminated Defined-Benefit Retirement Plans for Employees Because

question 37

Multiple Choice

Many employers have eliminated defined-benefit retirement plans for employees because

• A) the employees did not appreciate the benefit.
• B) the employees were reluctant to contribute to the plans.
• C) the cost to the employer and long-term liability became overwhelming.
• D) All of the above are correct.

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Definitions:

Workforce

The group of people who are engaged in or available for work, either in a particular area or in a specific industry or occupation.

Industrial Professions

Careers associated with the manufacturing and production sectors, including roles in engineering, management, and skilled labor.

Civilian Labor Force

The sum of all civilian workers who are employed or actively seeking employment, excluding military personnel and those not seeking formal employment.

Women's Freedom

The rights and liberties that women have to live their lives with a sense of self-determination, equality, and independence from patriarchal constraints.