Defined Contribution Plan
(a) Involves a payment of a specified amount to each participant
(b) Payments are linked to the CPI
(c) Employer contribution is a certain percentage of employee's earnings from time employee enters the program
(d) Involves use of a formula to determine amount of benefit an employee will receive
Question 2
Which one of the following statements best describes compensable factors?
(a) statements that define the specific attributes of a particular job more precisely
(b) relatively abstract and complex qualities and features that relate to all kinds of jobs
(c) skills used in solving growing related problems in jobs
(d) physical working conditions surrounding a job
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