Author Question: Which of the following statements about the protection provided by the Pension Benefit Guaranty ... (Read 51 times)

stock · **on:** Jul 11, 2018

Which of the following statements about the protection provided by the Pension Benefit Guaranty Corporation is (are) true? I. Only defined benefit plans are insured. II. Only benefits that are not yet vested are guaranteed.

A) I only
B) II only
C) both I and II
D) neither I nor II

Question 2

All of the following are potential disadvantages to employees covered by a money-purchase pension plan EXCEPT

A) The contribution rate by the employer is uncertain.
B) The retirement benefit can only be estimated in advance of retirement.
C) The benefit formula may produce an inadequate benefit if an employee enters the plan at an older age.
D) The investment losses are borne by the employees.