Hispanics Are Now the Largest Minority Group in the Country

question 42

True/False

Hispanics are now the largest minority group in the country.

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Definitions:

Noncontributory Plan

A type of pension plan or benefit program where the employer fully funds the benefits without required contributions from the employees.

Pension Reform Act

Legislation aimed at improving, modifying, or reforming the guidelines and operations of pension schemes and retirement benefits.

Net Periodic Pension Cost

The total cost charged to expense related to pension plans during a certain period, including service and interest costs.

Defined Benefit Pension Plan

A defined benefit pension plan is a retirement plan where the employer promises a specified pension payment upon retirement, based on an algorithm involving salary, age, and years of service.