The law requires a qualified pension plan that provides benefits based upon credited years of service to fund you with additional benefits for service beyond normal retirement age.

Question

Quizplus · Accepted Answer

The statement accurately reflects the requirements for a qualified pension plan under U.S. law, specifically the Employee Retirement Income Security Act (ERISA). Plan sponsors must provide vesting and accrual rules that comply with ERISA guidelines, which include providing benefits beyond normal retirement age to reward employees for additional years of service.

The Law Requires a Qualified Pension Plan That Provides Benefits