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Author Question: A plan that contains a formula for determining retirement benefits is known as a ________. A) ... (Read 84 times)

maegan_martin

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on: Jul 7, 2018
A plan that contains a formula for determining retirement benefits is known as a ________.
 
  A) defined contribution pension plan
  B) defined benefit pension plan
  C) cash balance plan
  D) 401(k) plan

Question 2

A plan in which the employer's contribution to employees' retirement savings funds is specified is known as a ________.
 
  A) portable plan
  B) default investment plan
  C) defined benefit pension plan
  D) defined contribution pension plan


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1_Step_At_ATime

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Reply #1 on: Jul 7, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D


maegan_martin

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Reply 2 on: Jul 7, 2018
Great answer, keep it coming :)

triiciiaa

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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