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Author Question: Which of the following statements is (are) true regarding cash-balance pension plans? I. Cash ... (Read 31 times)

Bernana

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on: Jul 11, 2018
Which of the following statements is (are) true regarding cash-balance pension plans?
 
  I. Cash balance plans are defined contribution plans.
  II. Under a cash balance plan, the employer creates an investment account for each employee into which the employer makes actual contributions and allocates investment gains and losses.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

In the context of employee benefits, the term discrimination refers to benefit comparisons between
 
  A) male and female employees.
  B) current employees and retirees.
  C) highly compensated employees and non-highly compensated employees.
  D) members of an under-represented group (by religious preference, race, or national origin) and the majority of employees.


Missbam101

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: C


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