A cash balance pension plan guarantees the participating employee:

Name: A cash balance pension plan guarantees the participating employee:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A cash balance pension plan guarantees a minimum interest rate on the employee's retirement savings. Therefore, option B is the correct answer. Option A is incorrect because it guarantees nothing and option C is incorrect because it guarantees a minimum monthly pension amount for the first 10 years of retirement but not for the remaining years.

A Cash Balance Pension Plan Guarantees the Participating Employee