It refers to a plan where plan assets are transferred to a trustee who assumes obligation of managing the fund and disbursing funds to retiring employees. a. Funded plan b. Non-contributory plan c. Unfunded plan d. Outsourcing plan

It refers to a plan where plan assets are transferred to a trustee who assumes obligation of managing the fund and disbursing funds to retiring employees. a. Funded plan b. Non-contributory plan c. Unfunded plan d. Outsourcing plan

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter1: The Need For Payroll And Personnel Records

Section: Chapter Questions

Problem 12QR

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It refers to a plan where plan assets are transferred to a trustee who assumes obligation of managing the fund and disbursing funds to retiring employees.

a. Funded plan

b. Non-contributory plan

c. Unfunded plan

d. Outsourcing plan

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