Question

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

Answer: (a).defined benefit pension plan

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

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

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. Communications and employs' participation is the part of

Q. Anchoring jobs and slotting the other jobs accordingly is called

Q. A 'quantitative technique' in job evaluation processes is

Q. Each band in 'broad banding' contains

Q. The data of benefits like employees insurance and other fringe benefits can be collected through

Q. In surveying the market, a way to know what others are paying, known as

Q. Each unit made by a worker to be paid is considered as

Q. The concession, employees gets in form of discounts in air ticket and bus fares is an example of

Q. The relationship between value of job and average salary paid for the job is called

Q. Company's paying strategies for employee's learning organizational skills, included

Q. The managers and executives are often paid in form of

Q. The first step in establishing pay rates is to

Q. In the new approach of jobs pay rates, the employers are focusing on

Q. In 'job classification' the group that contains jobs with similar difficulty level is called

Q. The 'incentives' given to employees are a part of

Q. The ways of direct financial payments are

Q. The notion that woman and men should collect equal pay for comparable skills, considered as

Q. The health insurance of employees is included in

Q. The second step in ranking method of job evaluation is to

Q. An employer; not paying for the title of job and hired , regarded as

Recommended Subjects

Are you eager to expand your knowledge beyond Human Resource Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!