Question

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

Answer: (a).cash balance plan

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Q. 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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