Jenny Must Contribute at Least 5% of Her Annual Salary

question 109

Multiple Choice

Jenny must contribute at least 5% of her annual salary to her pension plan, and her employer contributes a set amount as well. She is given choices regarding how the money is invested. When she retires, the amount she has available will depend on how much she invested herself, and the rate of return on the investments she chose. This pension plan is most likely classified as ________.

• A)qualified, defined benefit
• B)non-contributory, defined benefit
• C)contributory, defined contribution
• D)contributory, non-qualified

---

Definitions:

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification of psychiatric disorders used by healthcare professionals.

Diagnose

The process of identifying a disease or condition by its signs, symptoms, and through the use of diagnostic tests.

Severe Depression

A more intense form of depression characterized by profound sadness, hopelessness, loss of interest in activities, and potential for suicidal thoughts or behaviors.

Bipolar Disorder

A mental illness marked by extreme mood swings from highs (mania or hypomania) to lows (depression).