Benefits paid to members of a defined benefit post-employment fund are based on:
I the level of employer contributions made to the fund
II remuneration levels while employed
III number of years service
IV investment returns generated by the fund

Question

Quizplus · Accepted Answer

Benefits paid to members of a defined benefit post-employment fund are based on remuneration levels while employed and the number of years of service. The level of employer contributions and investment returns generated by the fund are used to fund the plan, but they do not directly determine the benefits paid to members. Therefore, options I and IV are not correct. Option II and III are correct.

Benefits Paid to Members of a Defined Benefit Post-Employment Fund