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4 years ago

All of the following statements are true about non-contributory defined benefit retirement plans EXCEPT:__________.

Social Studies

1 answer:

marta [7]4 years ago

5 0

Answer:

D. contribution amounts remain fixed based regardless of age

Explanation:

This fund is usually derived by University contributions to a trust fund and doesn’t require any employee contribution.

The contribution amounts vary based upon the age of the person covered under the plan

The larger contributions are made for older plan participants nearing retirement than for younger ones and once benefit payments start, the amount of the benefit is fixed

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Salsk061 [2.6K]

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2 years ago

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yawa3891 [41]

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<h2>Focus</h2>

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