Solved

In a Defined Benefit Pension Plan

Question 106

Multiple Choice

In a defined benefit pension plan:


A) the employer agrees to pay a pension but they won't agree to pay any other benefits to retirees.
B) retirement pension benefits are determined by a formula that usually considered the worker's age, salary and years of service.
C) retirement benefits depend on the total accumulation in the individual's account at the retirement date.
D) the retired employee will receive medical, dental and often life insurance benefits but possibly no monthly income.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents