Under the unit benefit method for determining retirement benefits,benefits
A) are equal to a specific percentage of your salary,regardless of the number of years of credited service.
B) are equal to a specific dollar amount,regardless of the number of years of credited service.
C) are equal to a specific unit benefit for each dollar paid into the plan by the employee multiplied by the years of credited service.
D) are equal to a specified unit benefit multiplied by the years of credited service.
Correct Answer:
Verified
Q33: Benefits under a joint life annuity with
Q34: "Early retirement age" in a private pension
Q35: Credited years of service
A)must equal the calendar
Q36: A "cash balance" retirement plan is a
Q37: You may be entitled to receive the
Q39: Given a "break in service" you may
A)lose
Q40: The rules governing cliff vesting require that
Q41: One important difference between a Roth IRA
Q42: A Keogh plan may be established for
A)any
Q43: Retirees may remain in their homes while
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