Which of the Following Characteristics Does Not Describe a Defined

question 14

Multiple Choice

Which of the following characteristics does not describe a defined benefit pension plan?

• A)Actuarial calculations are required to determine the employer's annual contribution.
• B)Upon retirement,the employee's pension amount depends on the value of the employee's account.
• C)Forfeitures must reduce subsequent funding costs and cannot increase the benefits any participant can receive under the plan.
• D)A separate account is not required to be maintained for each participant.
• E)None of these.

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Definitions:

Socio-Cultural

Refers to the combination of social and cultural factors that impact individual and community behaviors, norms, and values.

Political Revolution

Political revolution refers to the fundamental and rapid change in political power and political organization, often accompanied by social and cultural shifts.

Individual Rights

Legal principles that recognize and protect the freedoms guaranteed to each person, including freedom of speech, religion, and the pursuit of happiness.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, largely driven by international trade and investment and aided by information technology.