From a Pension Perspective,what Is a Key Issue Concerning the Aging

question 11

Multiple Choice

From a pension perspective,what is a key issue concerning the aging of baby boomers in Canada?

• A)There are more demands for dental benefits.
• B)Baby boomers are leaving management,thus there is a loss to the HR managers who oversee this benefit.
• C)There are fewer contributions to the pension fund by younger generations and more withdrawals for funding pensions for baby boomers,thus putting the fund at risk of depletion.
• D)Younger generations are demanding reduced pensions for those leaving the workforce.

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Definitions:

Standard Deviation

An estimator for the amount of disparity or spread found in a set of numerical values.

Sample Mean

The average value of a subset of a larger population, used to estimate the population mean.

Finite Population Correction

A statistical adjustment applied when sampling without replacement from a finite population, to improve the accuracy of estimates like means and proportions.

Standard Error

A statistic that measures the dispersion of sample means around the population mean, often used to estimate the accuracy of a sample mean compared to the actual population mean.