Question 5 10 pts With the exception of government employees and public school teachers, what type of pension plan is most commonly offered as a benefit by employers today? (defined benefit or defined contribution) defined contribution Question 6 10 pts True or False. Upon retirement, Social Security payments are sufficient for your living expenses so an individual does not need to worry about a pension plan or saving for retirement with their own funds. True False Question 7 10 pts Fill in the blank. Is it common for preferred shareholders to have voting rights during the annual meeting of shareholders? (yes or no) Question 8 10 pts True or False. The PBO (Pension Benefit Obligation) may be an asset or as a liability depending on whether the estimated obligation is less than or greater than the pension plan assets from which the pension payments will be made and the detail balance of the PBO and Plan Assets is found in the notes to the financial statements. True O False