All of the following are potential disadvantages to employees covered by a defined contribution pension plan EXCEPT
A) The contribution rate by the employer is uncertain.
B) The retirement benefit can only be estimated in advance of retirement.
C) The benefit formula may produce an inadequate benefit if an employee enters the plan at an older age.
D) The investment losses are borne by the employees.
Correct Answer:
Verified
Q1: Which of the following statements concerning defined
Q2: A financial institution that provides for the
Q3: Which of the following distributions from a
Q5: Which of the following statements about Section
Q6: Which of the following statements about the
Q7: For a long-term employee who is covered
Q8: Which of the following statements about the
Q9: Which of the following statements about the
Q10: Under a unit-benefit formula,benefits are a function
Q11: Vesting refers to
A)the employer's right to terminate
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