Under a unit-benefit formula,benefits are a function of both

Name: Under a unit-benefit formula,benefits are a function of both
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Question

Quizplus · Accepted Answer

A unit-benefit formula calculates retirement benefits based on a combination of an employee's earnings and years of service. This means that the longer an employee works for a company and the higher their salary, the higher their retirement benefit will be. Age, gender, and position within a firm are not factors in a unit-benefit formula.

Under a Unit-Benefit Formula,benefits Are a Function of Both