A pension plan, an employer’s acknowledgement of financial standing of employee’s account, placing percentage on the basis of annual compensation and interest, regarded as?
Correct answer A. cash balance plan
Tip: press A, B, C or D to answer, and N for the next question.
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More Benefits and Services questions
See allA plan to accommodate employees’ preferences of planning for benefit, classified as?
Correct answer C. flexible benefit plans
The kind of pension plan in which employer’s contribution is specified in employee’s retirement savings funds is classified as?
Correct answer B. defined contribution pension plan
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The sabbatical leave, funeral leave, jury duty and vacations are the examples of?
Correct answer D. supplemental pay benefits
For continuous work growth, company’s direct, non-financial and financial payments are being received by the employees, categorized as?
Correct answer A. benefits
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