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JamesLu JamesLu
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6 years ago
Rita went to work for a manufacturing company. The company offers a defined-benefit pension plan. The benefit at retirement is equal to 1.5 percent multiplied by years of service with the company, with the result multiplied by average salary in the three highest consecutive years of paid employment with the company. The benefit formula used at Rita's company is a
A) flat dollar amount for all employees.
B) flat percentage of annual earnings.
C) flat dollar amount for each year of service.
D) unit-benefit formula.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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JamesLu Author
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6 years ago
Thank you
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