In employees’ pension plan, a portion of employees’ earnings contribution into the fund is classified as?

Related Mcqs:

1. 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

2. 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

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. 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

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. A plan to accommodate employees’ preferences of planning for benefit, classified as?

   A. cafeteria benefit plans
   B. fixed benefit plans
   C. flexible benefit plans
   D. both a and c

7. 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

8. The types of pension plans include?

   A. contributory versus noncontributory
   B. defined contribution versus defined benefit
   C. qualified versus non-qualified
   D. all of above

9. The plan which is firstly discussed in business plan is mostly?

   A. marketing plan
   B. financial plan
   C. personnel plan
   D. production plan

10. The benefit paid to terminated employees or laid-off employees is?

    A. vacations and holidays
    B. lifelong learning
    C. severance pay
    D. optional pay benefits