In a Defined Contribution Pension Plan

question 15

Multiple Choice

In a defined contribution pension plan,

• A) The plan does not promise to pay the retiree a specific income stream after retirement.
• B) The plan does promise to pay the retiree a specific income stream after retirement.
• C) The employee's retirement income is not an obligation of the firm.
• D) The company carries the risk of paying future pension benefits to retirees.
• E) Choices a and c

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Definitions:

Surveys

Research methods involving the collection of data from a predefined group of respondents to gather information and insights on various topics of interest.

Interviews

A method of gathering information by asking questions face-to-face, over the phone, or via digital platforms.

Stimulate

To encourage or provoke an activity or increase in functionality either physically or mentally.

Complete Data

Information that is fully comprehensive, lacking no relevant detail or element, often crucial for accurate analysis and decision-making.