Question
Andreas qualified retirement plan provides a retirement benefit equal to the following: (average salary over her last 3 years of service) x (years of service)
Andreas qualified retirement plan provides a retirement benefit equal to the following: (average salary over her last 3 years of service) x (years of service) x 1.0% This type of benefit formula is called a
- A. Flat amount formula
- B. Flat percentage formula
- C. Target benefit formula
- D. Unit credit formula
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Finance Applications And Theory
Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair
3rd International Edition
1259252221, 9781259252228
