A defined contribution pension program is one in which
A. those in the plan, as well as their employer, contribute to an account according to a formula, and the investment of that account is under the control of the employee.
B. the plan defines eligibility for retirement and benefits according to a set of rules and a formula.
C. everyone gets the same amount, regardless of how much they work.
D. benefits are untaxed.
Answer: A
You might also like to view...
Sue offers to pay Al $50 for each painting of his that she sells in her gallery. Each painting sells for $75. The cost to Al of producing each painting is $55. Which of the following statements is TRUE about this contract?
A) This contract is efficient. B) This contract maximizes joint profit. C) Al will not participate in this contract. D) This is a fixed-fee contract.
According to the text, the actual M2 multiplier in the United States today is
A) about 5. B) between 1.0 and 2.0. C) negative. D) over 10.
The existence of discouraged workers: a. increases the size of the labor force, but does not affect the unemployment rate
b. affects neither the size of the labor force nor the unemployment rate. c. may cause the official unemployment rate to understate the true amount of unemployment. d. may cause the official unemployment rate to overstate the true amount of unemployment.
In the early twentieth century, racial segregation of streetcars in the southern cities was largely opposed by
a. streetcar firms. b. government officials. c. Federal lawyers applying the Sherman antitrust laws. d. consumers.