Which of the following describes the benefits earned from a defined benefit plan?Significant benefits are possible in a short amount of time.Minimum benefits are possible but only after a long period of time.Significant benefits are possible but only after a long period of time.Minimum benefits are possible in a short period of time.

The report of defined benefit plan shall contain: I. A statement showing net assets available for benefits, the present value of promised benefit and the resulting excess or deficit. II. A statement of net assets available for benefits including a note disclosing the present value of proised benefits  *1 pointI onlyII onlyboth I & IIeither I & II

How is a defined-benefit plan different from a defined-contribution plan?A.A defined-benefit plan guarantees a specific payout upon retirement.B.A defined-benefit plan doesn't allow people to use the money until a set age.C.A defined-benefit plan earns compound interest.D.A defined-benefit plan allows tax-deferred contributions.SUBMITarrow_backPREVIOUS

The benefits, other than termination benefits, which are payable within twelve months period from the end of the year in which the employee has provided the services are termed as:*1 pointShort-term employee benefitsTermination benefitsPost-employment benefitsOther long-term employee benefi

Which of the following is a disadvantage of a flexible benefits plan? A.Employers have greater cost control.B.Employees may make bad choices through lack of knowledge.C.Employees choose the benefits they need.D.Employees can tailor benefits to their stage of life.

Which of the following is true of defined contribution plan?Question 4Answera.It provides an explicit benefit which is easily communicated.b.It is more favourable to long-service employees.c.It does not require managing of surplus or deficit in pension fund.d.It makes the employer accountable for the risks associated with changes in inflation and interest rates.e.It does not make employer costs known.