Important factors in determining the amount received from a defined-benefit pension plan are number of years worked in the firm and average income.

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The number of years worked in the firm and average income are two important factors that determine the amount one receives from a defined-benefit pension plan. These plans are calculated based on a formula that takes into account these factors, along with other variables such as age at retirement and the accrual rate used by the plan.

Important Factors in Determining the Amount Received from a Defined-Benefit