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?

Related Mcqs:

1. 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

2. The kind of pension plan in which employer’s contribution is specified in employee’s retirement savings funds is classified as?

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

3. 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

4. Offering flexible part-time work, to retirement age senior employees is a technique toOffering flexible part-time work, to retirement age senior employees is a technique to?

   A. keep retirees
   B. keep employees
   C. retirement benefits
   D. talent management

5. 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

6. The process of instituting policies to enable employees to get their accumulated pension plans with ease after leaving the organization is classified as?

   A. compatibility
   B. durability
   C. portability
   D. profitability

7. The job changes in an existing job, in the same firm for retirement aged employees is an example of?

   A. phased retirement
   B. preretirement counseling
   C. honoring experience
   D. modifying selection procedure

8. Counseling with employees before retirement for second careers outside the firm is an example of?

   A. phased retirement
   B. preretirement counseling
   C. honoring experience
   D. modifying selection procedure

9. The ranking of all the employees measuring a specific trait by making pairs of employees is called _________?

   A. graphic rating scale method
   B. management by objectives
   C. alternation ranking method
   D. paired comparison method

10. 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