Only one event triggers a mandatory distribution: the participant reaches age 65 or the normal retirement age. False TrueIn most cases employees do not give up anything to get benefits because they are "free-add-ons" in a compensation package. False TrueWhich of the following are considered the five core compensation adjustment elements? Seniority pay, person-focused pay, incentive pay, base pay, COLAs COLAs, seniority pay, merit pay, incentive pay, person-focused pay Base pay, person-focused pay, merit pay, incentive pay, seniority pay Merit pay, seniority pay, COLAs, incentive pay, base pay