31. A defined-benefit pension plan: CIRCLE ALL THAT APPLY. (2 points) a. Puts th

Question

31. A defined-benefit pension plan: CIRCLE ALL THAT APPLY. (2 points) a. Puts the burden on the employer to provide adequate funds to ensure that the agreed payments can be made to the employees when they retire. Provides for a certain level of payment to the retired employee, typically based upon a formula that includes the number of years of service and a certain b. e of the employee's earnings during the last few years of employment. Puts the burden on the retired employee to pay the difference between the cost of a particular benefit and the amount paid by the employer Would be considered "fully funded" if sufficient funds have been set aside by the company in order to pay the indicated benefits when they payments are scheduled to be made to retired employees. c. d.

Explanation / Answer

The correct answer is option (B)

A defined benifit pension plan provides a certain level of income to the retired employee, typically based on a formula that includes the number of years of service and a certain percentage of employee's earnings during last few years of employment.

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