Which of the following is true of retirement plans?     Social security is typically the only type of retirement benefit that most people need.   Good retirement plans allow organizations to better attract and retain exceptional employees.   The two major types of retirement plans are defined benefits plans and income benefits plans.   They are becoming much less important in the 21st century.

Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section: Chapter Questions
Problem 5DQ
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Which of the following is true of retirement plans?

 
  •  
    Social security is typically the only type of retirement benefit that most people need.
  •  
    Good retirement plans allow organizations to better attract and retain exceptional employees.
  •  
    The two major types of retirement plans are defined benefits plans and income benefits plans.
  •  
    They are becoming much less important in the 21st century.
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