Which of the following is not usually part of the pension formula under a defined benefit plan?

Question

Quizplus · Accepted Answer

Seniority at time of retirement is not usually part of the pension formula under a defined benefit plan. The formula typically takes into account the employee's age at retirement, the number of years of service, and their compensation level, among other factors. Seniority may be considered in determining layoff or promotion decisions, but it is not directly related to pension benefits.

Which of the Following Is Not Usually Part of the Pension