Retirement Benefits Multiple Choice Questions with Answers – PDF Download

MCQ 1: In employees' pension plan, a portion of employees' earnings contribution into the fund is classified as:

1. cash balance plans
2. early retirement window
3. deferred profit sharing plan
4. savings and thrift plan

MCQ 2: The pension plan, in which specific amount of profit is transferred to employees account, that are payable at the time of retirement or death is classified as:

1. deferred profit sharing plan
2. savings and thrift plan
3. cash balance plans
4. early retirement window

MCQ 3: 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:

1. cash balance plan
2. severance pay plan
3. early retirement window plan
4. employee stock ownership plan

MCQ 4: The kind of pension plan in which employer's contribution is specified in employee's retirement savings funds is classified as:

1. defined benefit pension plan
2. defined contribution pension plan
3. defined noncontributory pension plan
4. deferred contribution pension plan

MCQ 5: The process of instituting policies to enable employees to get their accumulated pension plans with ease after leaving the organization is classified as:

1. compatibility
2. durability
3. portability
4. profitability