{"id":32533,"date":"2024-04-15T09:03:06","date_gmt":"2024-04-15T09:03:06","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32533"},"modified":"2024-04-15T09:03:06","modified_gmt":"2024-04-15T09:03:06","slug":"which-type-of-occupational-pension-has-fallen-into-trouble-in-recent-times","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-type-of-occupational-pension-has-fallen-into-trouble-in-recent-times\/","title":{"rendered":"Which type of Occupational pension has fallen into trouble in recent times:"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9db64d2b4ab\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Defined Benefit type                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Defined contribution type                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    Both A &amp; B                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    None of the above                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>C. Both A &amp; B<\/strong><\/p>\n<p>Defined benefit (DB) pensions promise to pay a certain amount of money in retirement, usually based on a worker&#8217;s salary and years of service. Defined contribution (DC) pensions, on the other hand, do not promise a specific amount of money in retirement. Instead, they are funded by contributions from the employee, the employer, and sometimes the government. The amount of money that a DC retiree receives in retirement depends on how much money is in the account at retirement, which is affected by the investment performance of the account.<\/p>\n<p>Both DB and DC pensions have fallen into trouble in recent times. DB pensions have been hit by a number of factors, including the decline in interest rates, which has made it more expensive for companies to fund <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n       <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> their DB plans. DC pensions have been hit by the stock market crash of 2008, which reduced the value of many DC accounts.<\/p>\n<p>As a result of these problems, many companies have either frozen or terminated their DB plans. In addition, many workers are not saving enough for retirement, which means that they may not be able to afford to retire when they want to.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li><strong>A. Defined Benefit type<\/strong><\/li>\n<\/ul>\n<p>A defined benefit (DB) pension is a pension that promises to pay a certain amount of money in retirement, usually based on a worker&#8217;s salary and years of service. DB pensions are funded by the employer, and the amount of money that a retiree receives is not affected by the investment performance of the plan.<\/p>\n<ul>\n<li><strong>B. Defined contribution type<\/strong><\/li>\n<\/ul>\n<p>A defined contribution (DC) pension is a pension that does not promise a specific amount of money in retirement. Instead, it is funded by contributions from the employee, the employer, and sometimes the government. The amount of money that a DC retiree receives in retirement depends on how much money is in the account at retirement, which is affected by the investment performance of the account.<\/p>\n<ul>\n<li><strong>C. Both A &amp; B<\/strong><\/li>\n<\/ul>\n<p>Both DB and DC pensions have fallen into trouble in recent times. DB pensions have been hit by a number of factors, including the decline in interest rates, which has made it more expensive for companies to fund their DB plans. DC pensions have been hit by the stock market crash of 2008, which reduced the value of many DC accounts.<\/p>\n<ul>\n<li><strong>D. None of the above<\/strong><\/li>\n<\/ul>\n<p>None of the above options is correct.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which type of Occupational pension has fallen into trouble in recent times:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-type-of-occupational-pension-has-fallen-into-trouble-in-recent-times\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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