In order to calculate the employer contribution, a publishing company uses a defined benefit formula that recognizes both the employee's years of service and level of compensation.This defined benefit formula is called:
A)career average formula.
B)fixed percentage formula.
C)final average formula.
D)unit benefit plan.
E)initial average formula.

Question

Quizplus · Accepted Answer

A unit benefit plan is a type of defined benefit formula that considers both the employee's years of service and level of compensation to calculate the employer contribution.

In Order to Calculate the Employer Contribution, a Publishing Company