_____________ Is/are the Newest and Fastest Growing Type of Retirement

question 51

Multiple Choice

_____________ is/are the newest and fastest growing type of retirement plans and are found in 10% of collective bargaining contracts.

• A) Pension benefit corporations
• B) Defined benefit plans
• C) Cash balance plans
• D) FRISA

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Definitions:

Deposited Funds

Money placed into a bank account or financial institution for safekeeping and potential interest accumulation.

Debtor

An entity or person that owes money to another party.

Deposits

Deposits involve placing funds into a bank account or other financial institution for safekeeping, often earning interest over time.

Overdraft

A payment by a bank on behalf of a customer for more than the customer has on deposit.