_____________ refers to a pension scheme where benefits are based on a wage indexed average of past covered wages and the number of years as a contributor. Defined Benefit Defined Contribution Funded Contribution None of the above
_____________ refers to a pension scheme where benefits are based on a wage indexed average of past covered wages and the number of years as a contributor. Defined Benefit Defined Contribution Funded Contribution None of the above
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
Section: Chapter Questions
Problem 6QFR
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Question
- _____________ refers to a pension scheme where benefits are based on a wage indexed average of past covered wages and the number of years as a contributor.
- Defined Benefit
- Defined Contribution
- Funded Contribution
- None of the above
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