Cloze Test – Test 244

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

A pension is a fund into which a sum of money is added (21) an employees employment years, and from (22) payments are drawn to support the persons retirement from work in the form of periodic payments. A pension may be a defined benefit plan where a fixed sum is paid regularly to a person, or a defined contribution plan (23) which a fixed sum is invested and then (24) available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular installments for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment (25) to retirement.

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

A pension is a fund into which a sum of money is added (21) an employees employment years, and from (22) payments are drawn to support the persons retirement from work in the form of periodic payments. A pension may be a defined benefit plan where a fixed sum is paid regularly to a person, or a defined contribution plan (23) which a fixed sum is invested and then (24) available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular installments for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment (25) to retirement.

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

A pension is a fund into which a sum of money is added (21) an employees employment years, and from (22) payments are drawn to support the persons retirement from work in the form of periodic payments. A pension may be a defined benefit plan where a fixed sum is paid regularly to a person, or a defined contribution plan (23) which a fixed sum is invested and then (24) available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular installments for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment (25) to retirement.