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Chapter 17: Pensions and Other Postretirement Benefits

Horizontales
Defined _____ Pension plan: type where employers make periodic investments and employees are responsible and bear risk of uncertain investment returns.
Calculates retirement pay based on years of service, annual compensation, and sometimes, age.
Defined _____ Pension plan: type where employers are responsible for sufficient funds to provide promised future payments to employees.
Verticales
_____ Benefits: these are benefits for retired employees, such as medical and dental coverages, life insurance, and legal services.
Professional statistician used to assess uncertainties affecting defined benefit calculations.
Pension plan that meets guidelines for favorable tax treatment by IRS.