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Author Question: Which of the following statements about the minimum vesting standards for a qualified defined ... (Read 32 times)

Mr3Hunna

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on: Jul 11, 2018
Which of the following statements about the minimum vesting standards for a qualified defined benefit plan is (are) true?
 
  I. Under cliff vesting, an employee must be at least 50 percent vested after 5 years of service.
  II. Under graded vesting, an employee must be at least 20 percent vested after 3 years of service and 100 percent vested after 7 years.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Under a unit-benefit formula, benefits are a function of both
 
  A) earnings and years of service.
  B) age and earnings.
  C) age and gender.
  D) years of service and position within a firm.


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Zack0mack0101@yahoo.com

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

Answer: B

Answer to Question 2

Answer: A


Mr3Hunna

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

jomama

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Reply 3 on: Yesterday
:D TYSM

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