Question

This pension plan imposes certain criteria that must be met before the employee can obtain a nonforfeitable right to a pension.
a. ERISA
b. Vested rights
c. Noncontributory pension plan
d. Contributory pension plan
e. Defined contribution plan
f. Defined benefit plan
g. Qualified pension plan
h. Profit-sharing plan
i. Pension Protection Act
j. Cash-balance plan

Answer 1

This pension plan imposes certain criteria that must be met before the employee can obtain a nonforfeitable right to a pension vested rights.

What are the three different kinds of pension plans?

Defined benefit pension plans can be further subdivided into three types: single employer, agent multiemployer, and cost-sharing multiplier. This distinction is significant because each type has

different reporting requirements.

What is a qualified pension plan?

A qualified retirement plan is a retirement plan established by an employer to provide retirement income to designated employees and their beneficiaries that meets certain IRS Code requirements in terms of both form and operation.

What is the purpose of a 401K plan?

A 401(k) is an employer-sponsored retirement savings plan that provides significant tax advantages while also assisting you in planning for the future. A 401(k) allows an employee to designate a percentage of their earnings to be deducted from each paycheck and invested in their account.

learn more about pension plan visit:

https://brainly.com/question/23840123

#SPJ4