36 - Payment of Pension to Government Pensioners

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1).
Pension plan in which benefits of pension is paid in by both parties involved, such as employers and employees is classified as which of the following?
2).
Which pension plan provides benefits of pension by employer of organization?
3).
In pension plans for employees, special account through which funds are remained nontaxable until employee retires is classified as?
4).
What minimum pension will be given to every labourer as announced in the Union Budget 2019-20?
5).
The employees pension plan in which the employees contribute a portion of earning into the fund is classified as?
6).
In which pension plan, employers contribution is specified in employees retirement savings funds?
7).
In which pension plans, the specific percentage of an employee pay is contributed by an employer to employees pension plans?
8).
How is pension calculated?
9).
Which pay is reckoned as emoluments for pension and gratuity?
10).
Which of the following is also known as Additional State Pension?
1. Pension plan in which benefits of pension is paid in by both parties involved, such as employers and employees is classified as which of the following?
[A] non-discretionary plan
[B] discretionary plan
[C] contributory plan
[D] non-contributory plan
2. Which pension plan provides benefits of pension by employer of organization?
[A] discretionary plan
[B] non-contributory plan
[C] contributory plan
[D] Non-discretionary plan
3. In pension plans for employees, special account through which funds are remained nontaxable until employee retires is classified as?
[A] Keogh retirement account
[B] vesting account
[C] portability account
[D] individual retirement account
4. What minimum pension will be given to every labourer as announced in the Union Budget 2019-20?
[A] Rs 5,000 per year
[B] Rs 1,000 per year
[C] Rs 1,000 per month
[D] Rs 500 per month
5. The employees pension plan in which the employees contribute a portion of earning into the fund is classified as?
[A] cash balance plans
[B] early retirement window
[C] deferred profit sharing plan
[D] savings and thrift plan
6. In which pension plan, employers contribution is specified in employees retirement savings funds?
[A] defined benefit pension plan
[B] defined contribution pension plan
[C] defined non contributory pension plan
[D] deferred contribution pension plan
7. In which pension plans, the specific percentage of an employee pay is contributed by an employer to employees pension plans?
[A] cash balance plans
[B] severance pay plans
[C] early retirement window plans
[D] employee stock ownership plans
8. How is pension calculated?
[A] 50% of emoluments (last pay) or average emoluments, whichever is more beneficial to the retiring Govt.
[B] 70% of emoluments (last pay) or average emoluments, whichever is more beneficial to the retiring
[C] 20% of emoluments (last pay) or average emoluments, whichever is more beneficial to the retiring Govt.
[D] None of the above
9. Which pay is reckoned as emoluments for pension and gratuity?
[A] Grade pay
[B] Basic pay
[C] Gross pay
[D] None of the above
10. Which of the following is also known as Additional State Pension?
[A] Basic state pension
[B] State First Related Pension
[C] State Earnings-Related Pension
[D] None of the above
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