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Benefits and Services

The kind of pension plan which follows a formula to determine retirement benefits is classified as?

The kind of pension plan which follows a formula to determine retirement benefits is classified as?

A. defined benefit pension plan
B. defined contribution pension plan
C. defined noncontributory pension plan
D. deferred contribution pension plan

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Benefits and Services, HRM Mcqs

The benefits provided in certain industries by the employers in unexpected conditions are classified as?

The benefits provided in certain industries by the employers in unexpected conditions are classified as?

A. supplemental unemployment benefits
B. supplemental employment benefits
C. optional employment benefits
D. optional unemployment benefits

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Benefits and Services, HRM Mcqs

A tax deductible bonus plan according to which employers contribute to a trust for later use for employees is classified as?

A tax deductible bonus plan according to which employers contribute to a trust for later use for employees is classified as?

A. early retirement window plan
B. employee stock ownership plan
C. cash balance plan
D. severance pay plan

A tax deductible bonus plan according to which employers contribute to a trust for later use for employees is classified as? Read More »

Benefits and Services, HRM Mcqs