04/14 - 04/15: Pensions
Quiz by Christopher Jones
High School
Financial Mathematics
Texas Essential Knowledge and Skills (TEKS) - Electives
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3 questions
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- Q1True or false: A pension is a retirement account that you can always access.FalseTrue300s130.180.F.12
- Q2What is the difference between a direct benefit pension and a direct contribution pension?Direct contribution pensions are fixed because the employer pays for it. Direct benefit is variable because you pay for it.Direct benefit pensions are fixed because the employer pays for it. Direct contribution is variable because you pay for it.There are no differences between the two, they mean the same thing.300s130.180.F.12
- Q3Alondra gets a job at a factory that does not offer a pension. Bruce gets a teaching job with a direct contribution pension. Clare gets a job in a federal office that offers a direct benefit pension. Who do you predict will be more financially secure in retirement?It's impossible to tell.BruceClareAlondra300s130.180.F.12