Question

Choose the best answer for each of the following: ___1. If a company has an underfunded defined-benefit pension plan: A. no payment may be made to retirees until the company deposits all the necessary assets into the pension fund. B. the difference between fund assets and amounts owed to retirees will still be paid by the federal Pension Benefit Guaranty Corporation. C. the fair value of the assets in the company’s pension fund is greater than the actuarially determined POB. D. All the above are true. E. None of the above is true

Answer 1

Answer: A.


Explanation: I did it on study island.