In General,in a Defined Benefit Pension Plan,the Risk of Shortfall

question 13

Multiple Choice

In general,in a defined benefit pension plan,the risk of shortfall is borne by the ________; while in a defined contribution pension plan,the risk of the shortfall is borne by the ________.

• A)plan administrator; employee
• B)employee; employer
• C)employer; employee
• D)government; employer
• E)employer; government

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Definitions:

Inequality

Inequality refers to the uneven distribution of resources, opportunities, and treatments among individuals or groups within a society.

Modest Wealth

A term describing individuals or families who possess enough resources for a comfortable but not lavish lifestyle.

Political Influence

The ability to sway or alter the decision-making process of individuals in power, often exerted through various means such as lobbying, campaigning, or public opinion.

Pennsylvania Population

The number of people living in the state of Pennsylvania, which can refer to historical populations or current demographics.