With a defined benefit pension plan,the benefits received at retirement vary by the employee's age and length of service.

Question

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With a defined benefit pension plan, the benefits received at retirement are calculated based on a formula that considers the employee's age, length of service, and salary history. This means that benefits will vary based on these factors, making it a true statement that benefits received at retirement vary by the employee's age and length of service.

With a Defined Benefit Pension Plan,the Benefits Received at Retirement