Which One of the Following Statements Does Not Apply to ERISA

question 47

Multiple Choice

Which one of the following statements does not apply to ERISA?

• A) It was a landmark piece of social legislation.
• B) It allowed the "rule of 45" be used as an alternative vesting formula.
• C) It required unfunded accumulated benefits to be funded over a maximum of fifteen years.
• D) It contained requirements related to investment diversification.

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Definitions:

Vary

To differ in size, amount, degree, or nature from something else of the same general class.

Top-down Processing

A cognitive process where perception starts with the brain and works down to the details, utilizing pre-existing knowledge to interpret sensory information.

Linguistic Adaptation

The process through which language changes in response to the needs of its speakers.

Bottom-up Processing

An approach to information processing that starts with small details and works up to a coherent whole.