Leon has recently become eligible to join his company's defined contribution pension plan (DCPP). When Leon...
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Leon has recently become eligible to join his company's defined contribution pension plan (DCPP). When Leon asks his insurance agent, Gennadi, to explain how a DCPP works, which of the following explanations is CORRECT? 28 Oa) Leon will be responsible for the investment selection in the DCPP. Ob) Oc) The employer's contributions are not mandatory with a DCPP. With the DCPP. Leon's retirement benefit will be known in advance. The DCPP benefits will typically be indexed to increase with the Consumer Price Index. Od) l3 888 Leon has recently become eligible to join his company's defined contribution pension plan (DCPP). When Leon asks his insurance agent, Gennadi, to explain how a DCPP works, which of the following explanations is CORRECT? 28 Oa) Leon will be responsible for the investment selection in the DCPP. Ob) Oc) The employer's contributions are not mandatory with a DCPP. With the DCPP. Leon's retirement benefit will be known in advance. The DCPP benefits will typically be indexed to increase with the Consumer Price Index. Od) l3 888
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Correct answer Option B Explanation Defined Contribution Pension Pl... View the full answer
Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Posted Date:
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