Which type of pension plan is required to pay out a certain sum, generally based on...
Which type of pension plan is required to pay out a certain sum, generally based on a percentage of salary upon retirement and the number of years of service?
Multiple Choice
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Defined Contribution.
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Contributory.
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Defined Benefit.
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Noncontributory.
Homework Answers
The type of pension plan is required to pay out a certain sum, generally based on a percentage of salary upon retirement and the number of years of service:-
c) Defined benefit
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