Which of the following is true of defined contribution plan?
A) It is more favourable to long-service employees.
B) It provides an explicit benefit which is easily communicated.
C) It does not make employer costs known.
D) It makes the employer accountable for the risks associated with changes in inflation and interest rates.
E) It does not require managing of surplus or deficit in pension fund.
Correct Answer:
Verified
Q1: Which of the following is a feature
Q3: Which of the following is true of
Q4: What is vesting?
A)It is a general strategy
Q5: Which of the following is true of
Q6: Which of the following is true of
Q7: Which of the following factors relate to
Q8: Which of the following plans is funded
Q9: are an arrangement by which employees work
Q10: _refers to a specified dollar amount of
Q11: Disability benefits are payable to contributors who
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