Author Question: Cash-Balance Plan (a) Involves a payment of a specified amount to each participant (b) Payments ... (Read 61 times)

cherise1989 · **on:** Jul 7, 2018

Cash-Balance 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

Professional

(a) Work requires advanced knowledge in a field of science or learning
(b) Expected to work on a continuing basis and meet specific performance standards
(c) Not required to be paid for work over 40 hours per week
(d) Performs manual labor assignments
(e) Establish policy and formulate strategy