Question
1. Which of the following is NOT a characteristic of the Pension Benefit Guaranty Corporation A. Established in 1974 when ERISA was enacted B. Guarantees
1. Which of the following is NOT a characteristic of the Pension Benefit Guaranty Corporation
- A. Established in 1974 when ERISA was enacted
- B. Guarantees qualified pension benefits up to certain limits
- C. It is a federal corporation that acts as an insurance provider
- D. It insures 401k account balances
2.Andreas qualified retirement plan provides a retirement benefit equal to the following: (average salary over her last 3 years of service) x (years of service) x 1.0% This type of benefit formula is called a
- A. Flat amount formula
- B. Flat percentage formula
- C. Target benefit formula
- D. Unit credit formula
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
