What defined benefit retirement plan is

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Reference no: EM132747574

Problem 1: A defined benefit retirement plan is:

Option 1: The employer sets up an individual employee account and specifies the size of the investment into that account

Option 2: A pension plan that guarantees a specified level of retirement income

Option 3: A federal agency that insures retirement benefits

Option 4: A section 401(k) or 403 (b) plan

Problem 2: The decline in union membership may be due to:

Option 1: Changes in the structure of the economy and higher dues

Option 2: Management efforts to control costs and corruption

Option 3: Changes in the structure of the economy and HR practices

Option 4: Government regulations and lack of leadership

Reference no: EM132747574

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