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A company instituted an IRS-approved plan to contribute monies to a plan that would pay each employee a percentage of his or her highest year

A company instituted an IRS-approved plan to contribute monies to a plan that would pay each employee a percentage of his or her highest year of salary for each year of service upon termination of services. This plan is a: Multiple Choice government sponsored pension plan. defined contribution pension plan. defined benefit pension plan. postretirement benefit plan.

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