The student applies mathematical process standards to demonstrate an understanding of a fixed pension, a variable pension, social security, and an annuity. The student is expected to identify an annuity and calculate and display graphically the future value of an annuity.
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Q 1/3
Score 0
True or false: A pension is a retirement account that you can always access.
300
False
True
Q 2/3
Score 0
What is the difference between a direct benefit pension and a direct contribution pension?
300
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.
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3 questions
Q.
True or false: A pension is a retirement account that you can always access.
1
300 sec
130.180.F.12
Q.
What is the difference between a direct benefit pension and a direct contribution pension?
2
300 sec
130.180.F.12
Q.
Alondra 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?
