RET.11.HO.4 - 2014MoneyEducation 11th Edition RETIREMENT...

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©2014 Money Education Retirement Planning, 11th Ed. Chapter 4 1 © 2015 Money Education CH 4 | Qualified Pension Plans 1 Retirement Planning and Employee Benefits CHAPTER 4: QUALIFIED PENSION PLANS 11 th Edition RETIREMENT PLANNING AND EMPLOYEE BENEFITS Michael A. Dalton | James F. Dalton © 2015 Money Education CH 4 | Qualified Pension Plans 2 Retirement Planning and Employee Benefits Chapter 4: Learning Objectives 1. Explain the characteristics of pension plans and differentiate between pension plans and profit sharing plans. 2. Explain the difference between defined benefit pension plans and defined contribution pension plans. 3. Evaluate the appropriateness of each of the pension plans discussed in the chapter relative to the needs and goals of a specific company. 4. Describe the limitations of using life insurance within qualified plans and the tax impact when life insurance is included in these plans. 5. Understand how the Pension Benefit Guarantee Corporation helps to protect the pensions of workers who are participants or beneficiaries of defined benefit plans. © 2015 Money Education CH 4 | Qualified Pension Plans 3 Retirement Planning and Employee Benefits Pension Plans Pension Plans (4 Types) Defined Benefit Pension Plans Cash Balance Pension Plans Money Purchase Pension Plans Target Benefit Pension Plans Defined Benefit Pension Plans (2 Types) Defined Contribution Pension Plans (2 Types)
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