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- What does it mean to vest in a defined benefit or defined contribution plan?
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- For Pension Plans: A. Describe the differences between a Defined Benefit pension plan and a Defined Contribution pension plan. B. What are the advantages and disadvantages of each compared to the other?WHat Isn meant by means tested state pension benefits and give example?what is pension plan asset?
- What are the key elements of a defined benefit pension plan?what is the difference between Accumulated Benefit Obligation and Projected Benefit Obligation? How do you determine the Plan Asset/Liability? How do you compute the Pension Expense?**Please provide in details How is the Accumulated Benefit Obligation (ABO) different from the Projected Benefit Obligation (PBO)? What events may cause the balance of the PBO to change?
- What is fully funded pension plan?Which type of retirement plans are subject to contribution limits? Select one: a. Only defined contribution plans b. Only defined benefit plans c. Neither defined benefit nor defined contribution plans d. Both defined benefit and defined contribution plansWhat factors determine whether a pension plan is adequately capitalized or excessively capitalized?



