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?

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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

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?

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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