When a pension plan is ended,the obligation is settled by transferring the assets to:

Question

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When a pension plan is ended, the obligation is typically settled by transferring the assets to a trustee, who manages the distribution of benefits to the plan participants according to the terms of the plan. This ensures that the assets are used to provide for the retirement income of the plan participants in a responsible and efficient way. Option A is incorrect because it would lead to each individual having to manage their own retirement savings, which can be risky and unsustainable. Option B is incorrect because financial banks are typically not equipped to manage the complex financial and legal aspects of pension plan terminations. Option D is incorrect because there must be a mechanism for settling the obligation to the plan participants.

When a Pension Plan Is Ended,the Obligation Is Settled by Transferring