A PAO directs retirement benefits payment to:

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Prepare for the QFA Pensions Exam 1. Use flashcards and multiple choice questions with detailed explanations. Secure your success with our comprehensive study tools!

Multiple Choice

A PAO directs retirement benefits payment to:

Explanation:
In pension administration, the person who ultimately receives retirement benefits is the one entitled to them—the beneficiary. The PAO’s role is to handle the disbursement of funds and ensure payments go to that rightful recipient according to the pension rules. The employer funds or administers the plan, and the regulator oversees compliance, but neither receives the benefits directly. So the payment is directed to the beneficiary—the individual entitled to receive the benefits.

In pension administration, the person who ultimately receives retirement benefits is the one entitled to them—the beneficiary. The PAO’s role is to handle the disbursement of funds and ensure payments go to that rightful recipient according to the pension rules. The employer funds or administers the plan, and the regulator oversees compliance, but neither receives the benefits directly. So the payment is directed to the beneficiary—the individual entitled to receive the benefits.

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