The ceiling test in defined benefit plans: a) Limits the surplus that can be recognized b) Sets minimum contribution levels c) Determines maximum benefits d) Establishes funding requirements
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- Explain the difference between defined-benefit and defined-contribution plans?1. Describe Defined Benefits Plan and Defined Contribution Plan. 2. What is the difference between Defined Benefit and Defined Contribution Plan?What is the difference between a contribution- and a benefit-orientedretirement plan?
- State how each of the characteristics apply to large deductible plans. A. Degree of loss sensitivity B. Cash flow possibilities C. Plan flexibilityThe retirement income payable from which of the following retirement income benefit programs is independent of the performance of any underlying investment portfolio? OA. RRSP OB. CPP OC. DCPP OD. TFSA COORDDefine each of the following terms: f. Risk-adjusted discount rate; project cost of capital
- Question text In determining the present value of the prospective benefits (often referred to as the defined benefit obligation), the following are considered by the actuary: Select one: а. retirement and mortality rate. b. benefit provisions of the plan. c. all of these factors d. interest rates.They are the Defined Contribution Plans and Defined Benefit Plans. What are the distinct differences between the two plans? State the core differences and also their advantages and disadvantages, if any. a. Defined Contribution Plan: b. Defined Benefit Plan:What is capital budgeting? Critically examine the various methods of evaluation of Captial Budgetting Proposals
- Which of the following decision measures should capital budgeting decision makers consider? Select one: a. discounted payback b. NPV c. IRR d. MIRR e. Although NPV is considered the most important method in the decision process, the other measures can provide different relevant information that is useful to the process and thus should be used when appropriateTrue/False 1. Plan forfeitures under a defined benefit plan may be allocated to remaining participants in a non-discriminatory manner or go towards reducing plan administration costs. a. True b. FalseWhich of the following does not increase the Projected Benefit Obligation? Actuarial loss on benefit obligation Current service costs Interest expense on benefit obligation Settlement of benefit obligation