Question

Matching Questions

1. A traditional pension plan in which you receive a promised payout at retirement.

2. A retirement plan in which the employer provides all of the funding and employees do NOT put their own money into the plan.   

3. A type of retirement plan where both the employee and employer can/do put money into the plan.

4. A retirement plan provision that allows you to take your account balance with you if you leave your current employer and go to another employer.

5. A retirement plan provision creating a schedule upon which benefits placed into the retirement plan by the employer actually become wholly owned by the plan participant.

[ Choose ]            Contributory retirement plan            Portability            Noncontributory retirement plan            Vesting            Defined-benefit plan   

Answer 1

1. A traditional pension plan in which you receive a promised payout at retirement. Defined-benefit plan

2. A retirement plan in which the employer provides all of the funding and employees do NOT put their own money into the plan. Noncontributory retirement

3. A type of retirement plan where both the employee and employer can/do put money into the plan. Contributory retirement plan

4. A retirement plan provision that allows you to take your account balance with you if you leave your current employer and go to another employer. Portability

5. A retirement plan provision creating a schedule upon which benefits placed into the retirement plan by the employer actually become wholly owned by the plan participant. Vesting