Chap013.doc-Chapter 13 - Benefit Options...
Chap013.doc-Chapter 13 - Benefit Options Chapter
Showing 20 out of 20
Chap013.doc-Chapter 13 - Benefit Options Chapter
Chap013.doc-Chapter 13 - Benefit Options Chapter
Chap013.doc-Chapter 13 - Benefit Op...
Chap013.doc-Chapter 13 - Benefit Options Chapter
Page 20
Chapter 13 - Benefit Options
86. (p. 455) What is a cash-balance plan? 
Cash balance plans are defined benefit plans that look like a defined contribution plan.
Employees have a hypothetical account (like a 401[k]) into which is deposited what is typically a
percentage of annual compensation. The dollar amount grows both from contributions by the
employer and from some predetermined interest rate.
Difficulty: Medium
87. (p. 456) Explain vesting and portability. 
Vesting refers to the length of time an employee must work for an employer before he or she is
entitled to employer payments made into the pension plan. Portability refers to the issue of
transferring pension benefits of employees moving to new organizations.
Difficulty: Medium
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any
manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.

Ace your assessments! Get Better Grades
Browse thousands of Study Materials & Solutions from your Favorite Schools
University of Mississippi
Great resource for chem class. Had all the past labs and assignments
Leland P.
Santa Clara University
Introducing Study Plan
Using AI Tools to Help you understand and remember your course concepts better and faster than any other resource.
Find the best videos to learn every concept in that course from Youtube and Tiktok without searching.
Save All Relavent Videos & Materials and access anytime and anywhere
Prepare Smart and Guarantee better grades

Students also viewed documents