One of the Drawbacks to Defined-Benefit Plans Are Their Lack

question 29

True/False

One of the drawbacks to defined-benefit plans are their lack of portability,meaning that if you leave the company the value of the pension is not likely to go with you.

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Definitions:

Industrial Regulation

Government rules or laws designed to control business practices, market conditions, and protect consumers within specific industries.

State And Local Governments

The regional and municipal levels of government within a country, responsible for local decision making and public services.

Social Regulation

Rules imposed by government to correct market failures and promote social welfare, often relating to health, safety, and the environment.

Decreases Product Innovation

A situation where there is a decline in the introduction of new products or improvements to existing ones, often due to market conditions or external constraints.