How are defined contribution retirement plans are best described?
a. The employer matches the employee funds up to some percentage of base salary into an investment plan of the employee’s choice for each year the individual is employed.
b. The employer provides a guaranteed income to the employee based on salary and years of service.
c. The employer provides health, dental, vision, and prescription drug payments to the employee after a certain number of years of employment.
d. The employee pays for all health care costs up to a certain limit (usually around $3,000) and then the employer pays all subsequent health care costs.
(Correct answer: a)
You might also like to view...
Which of the following is not characteristic of effective guidance?
a. Prevents problem behaviors b. Supports children's health c. Emphasizes negative feelings d. Builds a solid foundation
Co-resident grandparent-grandchild families typically are created when parents experience some type of personal problem that prevents them from performing effectively in caring for their children
Indicate whether the statement is true or false
Typically the number of items correctly answered
a. percentile score b. true score c. stanine score d. raw score
Of the following, the best way to prepare students to participate in literature circles is to
involve them in: a) grand conversations b) round-robin reading c) popcorn reading d) word sorts