In a Supreme Court decision regarding the retirement plan of the Lockheed corporation, the court introduced the
concept of “retirement sham”
a. which refers to early retirement plans that are instituted as a way of downsizing to avoid layoffs.
b. which means if early retirement benefits are purely a sham, the court can determine a company’s assets were
misused.
c. and specified the particular conditions of how egregious a plan must be to be considered a sham.
d. which demonstrated the likelihood that court rulings will favor people who seek redress for unfair requirements of early retirement programs.
a. which refers to early retirement plans that are instituted as a way of downsizing to avoid layoffs.
b. which means if early retirement benefits are purely a sham, the court can determine a company’s assets were
misused.
c. and specified the particular conditions of how egregious a plan must be to be considered a sham.
d. which demonstrated the likelihood that court rulings will favor people who seek redress for unfair requirements of early retirement programs.
ANSWER: b
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