烦请问下老师这么回答可以吗？谢谢老师

NO.PZ202301040900001202问题如下 (2) Contrast the return anrisk objectives of the R-Cubepension anfineontribution plans. Return ObjectiveThe return objective of the pension plis lower ththof the finecontribution plan,whihno well-finebenefit target. While the return of the finecontribution plmorientemore towar growth mea in pursuit of higher alpha strategies, the pension plhongoing anincreasing payout targets to meet. The pension plcannot focus exclusively on the proction of income. It will neeto invest in growth-orientemea to preserve the purchasing power of its contractubenefits well to amortize its unrfunstatus over time.Risk ObjectiveThe finecontribution plcunrtake greater risk ththe pension plbecause its workforis younger, benefits commena later age, there is no preterminebenefit target to meet, anthe benefits are not inxeto inflation. The asset base of the finecontribution plan, unlike thof the pension, is expecteto increase, allowing the plto invest in riskier investments. ## **Return Objective** - ** Plan**: Lower return target (must balangrowth *an income to meet payouts aninflation inxing). - ** Plan**: Higher return focus (growth-oriente no fixeliabilities; participants berisk). ### **Risk Objective** - ** Plan**: Lower risk toleran(aging workforce, inflation-linkepayouts, unrfunstatus). - ** Plan**: Higher risk capacity (younger workforce, no benefit guarantees, growing asset base). **Key**: prioritizes liability-matching with most growth; pursues aggressive growth with higher risk.

NO.PZ202301040900001202 问题如下 R-Cubeis a private fountioncateto the aancement of resourrecycling anenvironmentsolutions.Although the fountion is heauarterein Cambrie, Massachusetts, itsheauarters’ staff is minimal. Most of its employees are locatein itsoffices in Tokyo, Japan, anblin, Irelan R-Cubemaintainstwo separate anstinretirement plans for its workers: a trationalfinebenefit pension plfor its Japanese staff ana finecontributionplfor its AmericanIrish staffs. A summary of high-level characteristicsfor eaplare proviin Exhibit 1. The finebenefit pension plisfrozen, with no new participants permitteto join. R-Cubehshifteallfuture hiring to its blin office. R-Cubeontributes 7% of compensation to the accounts of new participants in thefinecontribution plan, increasing its contribution to 11% of compensationfor employees who have been with the company for least five years. Employeesare permitteto contribute up to 16% of their compensation to the plon avoluntary basis. (2) Contrast the return anrisk objectives of the R-Cubepension anfineontribution plans. Return ObjectiveThe return objective of the pension plis lower ththof the finecontribution plan,whihno well-finebenefit target. While the return of the finecontribution plmorientemore towar growth mea in pursuit of higher alpha strategies, the pension plhongoing anincreasing payout targets to meet. The pension plcannot focus exclusively on the proction of income. It will neeto invest in growth-orientemea to preserve the purchasing power of its contractubenefits well to amortize its unrfunstatus over time.Risk ObjectiveThe finecontribution plcunrtake greater risk ththe pension plbecause its workforis younger, benefits commena later age, there is no preterminebenefit target to meet, anthe benefits are not inxeto inflation. The asset base of the finecontribution plan, unlike thof the pension, is expecteto increase, allowing the plto invest in riskier investments. Return Objectives: For , it is sponsor's responsibility to make contribution to the pension account before employee's retirement anmakebenefit payment after employee's retirement until ath. The objective is to acheive long-term target return over a specificeinvestment horizon with appropriate risk level anallows the plto meet its contractuliabilties. So the return target for is lower thFor , it is sponsor's responsibility to make fixecontribution to the pension account. The objective is to pruntly grow assets thwill support spenng nee to retirements. The return target for is higher th.Risk Objectives: For , risk toleranis lower th e to higher average serviyear, participant age aninflation austerequirements.

NO.PZ202301040900001202 问题如下 R-Cubeis a private fountioncateto the aancement of resourrecycling anenvironmentsolutions.Although the fountion is heauarterein Cambrie, Massachusetts, itsheauarters’ staff is minimal. Most of its employees are locatein itsoffices in Tokyo, Japan, anblin, Irelan R-Cubemaintainstwo separate anstinretirement plans for its workers: a trationalfinebenefit pension plfor its Japanese staff ana finecontributionplfor its AmericanIrish staffs. A summary of high-level characteristicsfor eaplare proviin Exhibit 1. The finebenefit pension plisfrozen, with no new participants permitteto join. R-Cubehshifteallfuture hiring to its blin office. R-Cubeontributes 7% of compensation to the accounts of new participants in thefinecontribution plan, increasing its contribution to 11% of compensationfor employees who have been with the company for least five years. Employeesare permitteto contribute up to 16% of their compensation to the plon avoluntary basis. (2) Contrast the return anrisk objectives of the R-Cubepension anfineontribution plans. Return ObjectiveThe return objective of the pension plis lower ththof the finecontribution plan,whihno well-finebenefit target. While the return of the finecontribution plmorientemore towar growth mea in pursuit of higher alpha strategies, the pension plhongoing anincreasing payout targets to meet. The pension plcannot focus exclusively on the proction of income. It will neeto invest in growth-orientemea to preserve the purchasing power of its contractubenefits well to amortize its unrfunstatus over time.Risk ObjectiveThe finecontribution plcunrtake greater risk ththe pension plbecause its workforis younger, benefits commena later age, there is no preterminebenefit target to meet, anthe benefits are not inxeto inflation. The asset base of the finecontribution plan, unlike thof the pension, is expecteto increase, allowing the plto invest in riskier investments. \"The return objective of the pension plis lower ththof the finecontribution plan, whihno well-finebenefit target. While the return of the finecontribution plmorientemore towar growth mea in pursuit of higher alpha strategies, the pension plhongoing anincreasing payout targets to meet. The pension plcannot focus exclusively on the proction of income. It will neeto invest in growth-orientemea to preserve the purchasing power of its contractubenefits well to amortize its unrfunstatus over time.\"这个答案前面讲 plan要focus on growth mea，后面又讲 plan要invest growth - orientemea （划线部分）。所以到底是谁要投这个growth mea啊？还有growth mea是高收益的资产么？目的是assets value growth么？

NO.PZ202301040900001202 问题如下 (2) Contrast the return anrisk objectives of the R-Cubepension anfineontribution plans. Return ObjectiveThe return objective of the pension plis lower ththof the finecontribution plan,whihno well-finebenefit target. While the return of the finecontribution plmorientemore towar growth mea in pursuit of higher alpha strategies, the pension plhongoing anincreasing payout targets to meet. The pension plcannot focus exclusively on the proction of income. It will neeto invest in growth-orientemea to preserve the purchasing power of its contractubenefits well to amortize its unrfunstatus over time.Risk ObjectiveThe finecontribution plcunrtake greater risk ththe pension plbecause its workforis younger, benefits commena later age, there is no preterminebenefit target to meet, anthe benefits are not inxeto inflation. The asset base of the finecontribution plan, unlike thof the pension, is expecteto increase, allowing the plto invest in riskier investments. plan: Achieve the long term target return over a specifietime horizon with appropriate level of risk anallow the plto meet its contractuliabilityminimize present value of expectecash contribtuion planpruntly grow asset thwil support the spenng neein retirementoutperform the benchmarkoutperform peers