An organization decides to provide their employees who have stayed with the company for 15+ years a pension based on the average earnings in the last 3 rears of their employment with the company. Which type of formula does this utilize ?

Question

Quizplus · Accepted Answer

The final pay formula calculates pension benefits based on the average earnings during the last few years of employment, typically the highest earning years, which aligns with the description given.

An Organization Decides to Provide Their Employees Who Have Stayed