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Caitlin teaches 2nd grade in the local public elementary school. She is unsure of what type of retirement plan she has. She knows her future

Caitlin teaches 2nd grade in the local public elementary school. She is unsure of what type of retirement plan she has. She knows her future retirement is based on a formula that involves her years of service and final average salary.

What type of Qualified Plan does Caitlin have?

Defined Benefit Plan

Target Benefit Plan

Thrift Plan

403(b) plan

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