Job specific pensions cover less of a proportion of the aggregate income of the lowest income elders than for higher income elders.

Question

Quizplus · Accepted Answer

This statement is true. Job specific pensions tend to cover a smaller portion of income for lower income elders, as they often have lower salaries and less access to such pension plans. Higher income elders are more likely to have jobs with pensions that cover a larger proportion of their income.

Job Specific Pensions Cover Less of a Proportion of the Aggregate