Solved

Rita Went to Work for a Manufacturing Company

Question 34

Multiple Choice

Rita went to work for a manufacturing company.The company offers a defined-benefit pension plan.The retirement benefit is equal to 1.5 percent multiplied by years of service with the company,and the result is multiplied by average salary in the three highest consecutive years of paid employment with the company.The benefit formula used at Rita's company is a


A) flat dollar amount for all employees.
B) flat percentage of annual earnings.
C) flat dollar amount for each year of service.
D) unit-benefit formula.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents