Which Type of Pension Plan Is Required to Pay Out

question 10

Multiple Choice

Which type of pension plan is required to pay out a certain sum, generally based on a percentage of salary upon retirement and the number of years of service?

• A) Defined Benefit
• B) Defined Contribution
• C) Contributory
• D) Noncontributory

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Definitions:

Organs of Digestion

The series of organs responsible for breaking down food and absorbing nutrients, including the stomach, intestines, liver, and pancreas.

Abdominal Cavity

The part of the body that lies between the thorax (chest) and pelvis, housing many vital organs such as the stomach, liver, and intestines.

Pelvic Cavity

The space within the pelvis that contains reproductive organs, the urinary bladder, and the rectum.

Reproductive Organs

The organs involved in producing offspring in humans and animals, including the testes in males and ovaries in females.