The difference between a defined benefit retirement plan and a defined contribution retirement plan is that

in a defined benefit plan the retiree should receive a specific amount of pay once the person retires and

the defined contribution plan has no such guarantee.

a. true

b. false

One advantage of a defined contribution retirement plan is that employers do not incur an unfunded

pension liability.

a. true

b. false Research indicates that less than 50% of the sick leave days employees take are used for an illness.

a. true

b. false

One interesting exemption from the Family and Medical Leave Act is that employees in the top 10% of the companys pay scale are not eligible for these benefits.

a. true

b. false