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Which of the following statements is true about pension funds?

A) They are set up by employers to collect deposits and distribute payments.

B)They require employer contributions and withholding of a percentage of workers' salaries.

C) They are income distributed only to retirees who have worked a certain amount of years.

D) They are deposits invested in bonds rather than in stocks or other higher-risk financial assets.

Respuesta :

C) They are income distributed only to retirees who have worked a certain amount of years. A pension plan provides for future retirement income based on the employee's earnings and length of service with the company. This type of pension plan is termed as a defined benefit plan.

They are income distributed only to retirees who have worked a certain amount of years.---- gradpoint

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