« previous next »

Author Question: Which of the following statements about retirement benefits under pension plans is true? A) Under ... (Read 23 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
on: Jul 11, 2018
Which of the following statements about retirement benefits under pension plans is true?
 
  A) Under a flat percentage of annual earnings defined benefit formula, each employee receives the same dollar benefit.
  B) A benefit using final pay is usually based on an employee's earnings during the last month of plan participation.
  C) A unit-benefit formula considers both earnings and years of service.
  D) Past service benefits are the result of bonuses and overtime pay during the period an employee participated in the plan.

Question 2

Which of the following statements concerning defined contribution pension plans is (are) true? I. The contribution rate is fixed. II. The retirement benefit varies.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


mcarey591

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

True Friendship True Friendship
Examples of Mission Statements Examples of Mission Statements
Facility Emergency Response Plans. Courtesy of Chris Weber, Dr. Hazmat, Inc. Facility Emergency Response Plans. Courtesy of Chris Weber, Dr. Hazmat, Inc.
The Benefits of Physical Fitness (1 of 2) The Benefits of Physical Fitness (1 of 2)
Writing can lead to psychological benefits Writing can lead to psychological benefits
Two Cnidarian Body Plans Two Cnidarian Body Plans
Video: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library