The Computation of the Pension Liability for a Defined Benefit

question 47

Multiple Choice

The computation of the pension liability for a defined benefit plan uses actuarial estimates or actuarial assumptions of

• A)actual interest rates.
• B)estimated employee mortality, only.
• C)actual employee turnover, only.
• D)estimated employee turnover, mortality, and interest rates.
• E)actual employee turnover, mortality, and interest rates.

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Definitions:

Seligman

A psychologist known for his work on positive psychology, learned helplessness, and well-being.

Optimistic

Having a positive outlook or expectation about the future, believing that good things will happen.

Explanatory Style

A psychological attribute that indicates how people explain to themselves why they experience a particular event, either positive or negative.

Learned Helplessness

A situation where someone feels unable to control their life, due to trauma or repeated failures.