Defined Benefit Plans Specify the Amount of Benefit an Employee

question 141

True/False

Defined benefit plans specify the amount of benefit an employee will receive on retirement while defined contribution plans specify the amounts that employers and employees will (or can)contribute to an employee's plan.

---

Definitions:

Mental Disease

A broad term encompassing various disorders that affect mood, thinking, and behavior, often requiring medical diagnosis and treatment.

Mental Disorders

A wide range of conditions that affect mood, thinking, and behavior, which can severely impact daily functioning and well-being.

Incarcerated Populations

Groups of people confined in a prison or jail, often discussed in research concerning healthcare, education, or rehabilitative needs.

Bipolar Disorder

Disorder marked by cycles between manic episodes and depressive episodes; also called manic-depression.