Answered
With a defined benefit plan:
A) an employee can receive a lump sum amount on retirement
B) the benefits received on retirement vary by the employee's age and length of service
C) employees can move to another job and carry their retirement accounts with them
D) the benefits begin the day the employee turns 60
E) the survivors will receive the benefits in the event the employee dies before the retirement funds are paid out
On Sep 26, 2024