Defined Benefit plans are required to pay retired employees a certain amount regardless of the amount contributed to the plan.

Name: Defined Benefit plans are required to pay retired employees a certain amount regardless of the amount contributed to the plan.
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

Defined Benefit plans provide retired employees with a specific benefit amount that is usually calculated based on factors such as salary and years of service, regardless of the amount contributed to the plan by the retiree or the employer.

Defined Benefit Plans Are Required to Pay Retired Employees a Certain