Question
Which type of pension plan is required to pay out a certain sum, generally based on a percentage of salary upon retirement and the number
Which type of pension plan is required to pay out a certain sum, generally based on a percentage of salary upon retirement and the number of years of service?
Multiple Choice
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Defined Contribution.
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Contributory.
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Defined Benefit.
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Noncontributory.
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Cost Accounting A Managerial Emphasis Revised
Authors: Charles T. Horngren, Monte Wynder, William Maguire, Rebecca Tan, Srikant Datar, Lester E. Heitger
1st Australian Edition
1442554770, 978-1442554771
