Asked by Kevin Simpson on Jul 11, 2024
Verified
With contributory pension plans, contributions are made jointly by employers and the government.
Contributory Pension Plans
Retirement plans where both the employer and employees contribute to the fund that will be used to provide retirement benefits to the employees.
Contributions
The act of giving or adding to something larger, often refers to financial contributions in a business or investment context but can also apply to contributions of time, effort, or resources.
- Recognize the role of employers and governments in contributory pension plans.
Verified Answer
ZS
zinabu shiferawJul 17, 2024
Final Answer :
False
Explanation :
With contributory pension plans, contributions are made by both employers and employees, not the government.
Learning Objectives
- Recognize the role of employers and governments in contributory pension plans.
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