Which of the Following Statements Applies to An $\underline{involuntary}$ Termination?
A)The Sponsor Has a Legal Liability Under ERISA for

question 63

Multiple Choice

Which of the following statements applies to an $\underline{involuntary}$ termination?

• A)The sponsor has a legal liability under ERISA for all accrued benefits.
• B)The sponsor has a legal liability under ERISA for all vested benefits but not for unvested benefits.
• C)The sponsor has a legal liability under ERISA only for PBGC-guaranteed benefits.
• D)None of the above statements apply to an involuntary termination.

---

Definitions:

Pay the Bill

Refers to the act of settling a financial obligation or covering the cost of a purchase or service.

Professional Advice

Guidance or recommendations on specific matters, given by someone who is an expert in a particular field.

Financial Situation

An individual's or organization's condition regarding their monetary assets, liabilities, income, and expenses, which can influence their ability to secure loans, make investments, or manage daily operations.

Budget

A financial plan for a defined period, often a year, that allocates future personal income towards expenses, savings, and debt repayment.