« previous next »

Author Question: Which of the following statements about retirement benefits under pension plans is true? A) Under ... (Read 73 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?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Which of the following statements is true of linkage? Which of the following statements is true of linkage?
Benefits of outsourced payroll. Benefits of outsourced payroll.
Grind whole flaxseeds before eating them to best reap their nutritional benefits Grind whole flaxseeds before eating them to best reap their nutritional benefits
Writing can lead to psychological benefits Writing can lead to psychological benefits
Two Cnidarian Body Plans Two Cnidarian Body Plans
Video: Carpal Tunnel Syndrome

For a complete list of videos, visit our video library