Hugo is 45 and has been laid off by his employer,which is moving his job as a customer service representative to a company in India.Hugo figures he will need to work at least 20 more years,and he has little money in savings set aside for retirement.Hugo wants to find a job with an employer with a defined-benefit pension plan.Which of the following employers would be MOST likely to have such a pension plan?

Question

Quizplus · Accepted Answer

Unionized manufacturing firms are more likely to have defined-benefit pension plans for their employees compared to other types of employers. The larger the employee size of the firm, the higher the likelihood of having such plans. Therefore, option C, which is a unionized manufacturing firm with a large number of employees, is the most likely employer to offer a defined-benefit pension plan to Hugo.

Hugo Is 45 and Has Been Laid Off by His