Jenny must contribute at least 5% of her annual salary to her pension plan, and her employer contributes a set amount as well. She is given choices regarding how the money is invested
When she retires, the amount she has available will depend on how much she invested herself, and the rate of return on the investments she chose. This pension plan is most likely classified as ________.
A) qualified, defined benefit
B) non-contributory, defined benefit
C) contributory, defined contribution
D) contributory, non-qualified
Answer: C
You might also like to view...
After getting data from a database, a PHP program needs to:
A) open the connection. B) test the connection. C) query the database. D) process the query results. E) close the connection.
An internal information system built using Web services is said to be using the cloud if it________
A) allocates specific servers to each task B) offers elasticity in the usage of servers C) uses the Intranet D) provides platform as a service (PaaS)