3. Regulation of private pension plans Which of the following are provided by federal regulations of private pension plans? Check all that apply. Insurance of only executive employees participating in private defined benefit plans to recelve their benefits upon retirement Insurance of all participants in private defined-contribution plans to receive their benefits upon retirement Tax benefits only for executive employees Tax benefits across all wage levels Insurance of all participants in private defined benefit plans to receive their benefits upon retirement which of the following are the characteristics of the Pension Benefit Guaranty Corporation (PBGC)? Check all that apply. Affected by economic conditions Has no regulatory powers Has vast regulatory powers May act as the pension fund manager Grade It Now Save & Continue Continue without saving 6. Corruption of defined-benefit pension plans Which of the following are the types of corruption of defined-benefit pension funds? Check all that apply. Tax increases to resolve the pension underfunding problem Shift from defined-benefit to defined contribution plans Unwarranted benefit payments Lack of proper oversight by trustees Bribes of trustees How might pension funds be able to prevent corruption? Check all that apply. Switch their pension plans from defined benefit to defined contribution plans. Never issue bonds. Ensure proper oversight of investment decisions. Reduce the fees that the investment companies charge the pension fund for their portfolio Management services. Grade It Now Save & Continue Continue without saving