question2

mmemo
  • 1-___measures the percentage of preretirement earnings replaced by pension benefits.
  • a.
  • Gross displacement rate (GDR) /b.Net replacement rate (NRR)/ c.Total replacement rate (TRR)/ d.Gross replacement rate (GRR)
  • 2-Social Security retirement system is tax financed and has been designed on a pay-as-you-go basis. True or False

is the percentage of preretirement after-tax earnings replaced by pension benefits.

a.. Net replacement rate (NRR)

b.Gross displacement rate (GDR)

c. Gross replacement rate (GRR)

d.Total replacement rate (TRR)

    • 6 years ago
    • 6
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