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?

Related Mcqs:

1. 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

2. 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

3. 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

4. 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

5. 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

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. Achieving aims and monitoring results in HR management of financial and non-financial goals, regarded as?

   A. HR scorecard
   B. HR digital dashboard
   C. both A and B
   D. none of above

8. For continuous work growth, company’s direct, non-financial and financial payments are being received by the employees, categorized as?

   A. benefits
   B. stock ownership
   C. loyalty scholarships
   D. all of above

9. The paid employees insurance by employers is the futile part of?

   A. direct financial payments
   B. salary increments
   C. paid counseling
   D. non direct financial payment

10. A combined refusal in buying products of employers, union members as well as employees, known as?

    A. boycott
    B. impasse boycott
    C. strike
    D. picketing