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Benefits and Services

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?

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?

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

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? Read More »

Benefits and Services, HRM Mcqs

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?

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?

A. deferred profit sharing plan
B. savings and thrift plan
C. cash balance plans
D. early retirement window

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? Read More »

Benefits and Services, HRM Mcqs

In employees’ pension plan, a portion of employees’ earnings contribution into the fund is classified as?

In employees’ pension plan, a portion of employees’ earnings contribution into the fund is classified as?

A. cash balance plans
B. early retirement window
C. deferred profit sharing plan
D. savings and thrift plan

In employees’ pension plan, a portion of employees’ earnings contribution into the fund is classified as? Read More »

Benefits and Services, HRM Mcqs