Solved

A "Defined Benefit Plan" Is

Question 35

Multiple Choice

A "defined benefit plan" is


A) a pension plan in which each employee has his/her own account and the benefits are based only on the principal and income contributed.
B) a plan that is established to provide health, vacation or death benefits.
C) a plan where the amount the employee will receive at retirement is stated at the time the employee joins the plan.
D) None of the choices are correct.

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