The standard retirement benefit an employee will receive under a defined benefit plan depends on the number of years of service the employee provides, but does not consider the amount of the employee's compensation near retirement.

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The standard retirement benefit under a defined benefit plan typically depends on both the number of years of service and the amount of the employee's compensation, often considering the employee's earnings near retirement or an average of the employee's earnings over a certain period.

The Standard Retirement Benefit an Employee Will Receive Under a Defined