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What is the main purpose of pension schemes?
What is the main purpose of pension schemes?
- To provide benefits to members on retirement and other specified contingencies (correct)
- To provide insurance policies for working people
- To redistribute wealth between the poor and the better off
- To accumulate wealth for individuals
What is the objective of state pension schemes?
What is the objective of state pension schemes?
- To redistribute wealth between the poor and the better off (correct)
- To provide protection for citizens against social risks
- To secure working people in case of a loss of income
- To accumulate wealth for individuals
How are single member pension schemes set up?
How are single member pension schemes set up?
- Employers contribute to a fund for their employees' retirement benefits
- Pension funds are managed collectively by working people
- The government provides financial support for retirees
- Individuals buy specific insurance policies to accumulate their account for retirement income (correct)
What do pension schemes aim to protect working people against?
What do pension schemes aim to protect working people against?
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What are the three main types of pension schemes according to coverage?
What are the three main types of pension schemes according to coverage?
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What is the main purpose of pension schemes?
What is the main purpose of pension schemes?
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What do state pension schemes aim to achieve?
What do state pension schemes aim to achieve?
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What are the types of contingencies for which pension schemes provide benefits?
What are the types of contingencies for which pension schemes provide benefits?
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What is the purpose of single member pension schemes?
What is the purpose of single member pension schemes?
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What is the primary objective of pension schemes according to Booth et al. (2005)?
What is the primary objective of pension schemes according to Booth et al. (2005)?
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