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Author Question: Jenny's pension plan encourages her to contribute at least 5% of her annual salary in addition to ... (Read 74 times)

beccaep

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Jenny's pension plan encourages her to contribute at least 5% of her annual salary in addition to the set amount that her company contributes. She is given choices regarding how the money is invested. When she retires, the amount she has available will depend on how much she invested herself, and the rate of return on the investments she chose. This pension plan would be classified as ________.
◦ qualified, defined benefit
◦ non-contributory, defined benefit
◦ contributory, defined benefit
◦ contributory, defined contribution


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Marked as best answer by beccaep on Sep 23, 2019

ndhahbi

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beccaep

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Reply 2 on: Sep 23, 2019
YES! Correct, THANKS for helping me on my review


frankwu0507

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Reply 3 on: Yesterday
Excellent

 

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