In a Defined Benefit Plan,the Retirement Benefit Will Vary According

question 55

True/False

In a defined benefit plan,the retirement benefit will vary according to rates of return on pension fund reserves.

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Definitions:

Nonunion Workers

Employees who are not members of a labor union and typically do not enjoy the same collective bargaining advantages as unionized workers.

Open Shop

A place of employment in which the employer may hire nonunion workers and in which the workers need not become members of a labor union.

Unionization Rate

The proportion of a workforce that is a member of a union.

Government

The organized system of authority that establishes and enforces rules and laws, governing a community or nation.