The Data Company employs John and Jesse. John has worked for Data for 4 years, whereas Jesse has worked for the company for only 18 months. Both are 27 years old.
I.John must be eligible to participate in Data's qualified pension plan.
II.Jesse must be eligible to participate in Data's qualified pension plan.

A)Only I is correct.
B)Only II is correct.
C)Both statements are correct.
D)Neither statement is correct.

Question

The Data Company employs John and Jesse. John has worked for Data for 4 years, whereas Jesse has worked for the company for only 18 months. Both are 27 years old.
I.John must be eligible to participate in Data's qualified pension plan.
II.Jesse must be eligible to participate in Data's qualified pension plan.
​
A)Only I is correct.
B)Only II is correct.
C)Both statements are correct.
D)Neither statement is correct.

Quizplus · Accepted Answer

To be eligible for a qualified pension plan, an employee typically has to complete a specific number of years of service, usually between 1-5 years. John, who has worked for Data for 4 years, has completed the required years of service and therefore must be eligible to participate. However, Jesse, who has only worked for 18 months, has not yet completed the required years of service and may not be eligible to participate in the qualified pension plan.

The Data Company Employs John and Jesse