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Most Pension Plans Are Now Viewed as Providing Deferred Income

Question 31

Multiple Choice

Most pension plans are now viewed as providing deferred income that employees accumulate during their working life and that belongs to them after a specified number of years of service. What view is this based on?


A) provincial law
B) a pay-as-you-go philosophy
C) a reward philosophy
D) an earnings philosophy

Correct Answer:

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