Retirement Benefits MCQ (Multiple Choice Questions) PDF Download

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

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

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

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

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