The majority of defined benefit plans calculate average earnings over the last _____ years of service for a prospective retiree.
A)2 to 4
B)3 to 5
C)6 to 8
D)7 to 9

Question

Quizplus · Accepted Answer

Most defined benefit plans use the average earnings over the last 3 to 5 years of service to calculate retirement benefits, as this period typically reflects the highest earning years.

The Majority of Defined Benefit Plans Calculate Average Earnings Over