The superannuation fund that involves the amount of benefit paid out on retirement being calculated by a formula based at the time when a person joined the fund is called:
A) a defined benefit fund.
B) an accumulation fund.
C) a defined termination fund.
D) a defined payout fund.
Correct Answer:
Verified
Q40: Essentially,superannuation assets provide:
A) indefinite income when employees
Q41: The amount of financial assets held by
Q42: Life insurance companies:
A) are significant investors in
Q43: Superannuation funds,because of the _-term nature of
Q44: Recent figures about superannuation assets in Australia
Q46: The superannuation fund where the amount of
Q47: Recent figures show the largest proportion of
Q48: The superannuation fund where the employer must
Q49: Which of the following is NOT an
Q50: In an accumulation superannuation fund:
A) the employee
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