This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about retirement ages in defined benefit pension plans is (are) ... (Read 117 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
on: Jul 11, 2018
Which of the following statements about retirement ages in defined benefit pension plans is (are) true?
 
  I. The normal retirement age in most plans is 65.
  II. For a defined benefit plan, the early retirement age is the earliest age an employee can retire with full, unreduced benefits.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

What are the minimum age and service requirements that can be imposed on employees eligible to participate in a retirement plan?
 
  A) age 18 and 6 months of service
  B) age 21 and 1 year of service
  C) age 21 and 3 years of service
  D) age 25 and 4 years of service


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jevvish

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


RODY.ELKHALIL

  • Member
  • Posts: 591
Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Alligators of various ages in Everglades National Park Alligators of various ages in Everglades National Park
The term wasp is typically defined as any insect of the order Hymenoptera and suborder Apocrita that The term wasp is typically defined as any insect of the order Hymenoptera and suborder Apocrita that
U.S. Unemployment Rates for Emerging Adults (Ages 16-24) U.S. Unemployment Rates for Emerging Adults (Ages 16-24)
The brains of animals of different evolutionary ages The brains of animals of different evolutionary ages
Two Cnidarian Body Plans Two Cnidarian Body Plans
Sample hypnograms of an infant at ages 3, 12, and 24 months Sample hypnograms of an infant at ages 3, 12, and 24 months
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library