Which of the Following Statements Is True About the Pension

question 4

Multiple Choice

Which of the following statements is true about the Pension Benefit Guaranty Corporation (PBGC) ?

• A)It was created by the Consolidated Omnibus Budget Reconciliation Act (COBRA)of 1985.
• B)It guarantees a complete pension benefit replacement.
• C)It does not guarantee health care benefits.
• D)It is not funded by an annual contribution per plan participant.
• E)It allows payouts to be adjusted for cost-of-living changes.

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Definitions:

Long-term Storage

The part of memory where information is stored for extended periods of time, potentially for a lifetime.

Recency Effect

The psychological phenomenon where the most recently presented items or experiences are most likely to be remembered.

Short-term Storage

A part of the memory system where information is held temporarily for a short period, typically seconds to minutes.

Multiplication Tables

A mathematical table used to define a multiplication operation for an algebraic system, commonly taught as part of elementary education.