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    Human Resource Management Study Set 8
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    Exam 13: Benefits and Services
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    A Plan That Contains a Formula for Determining Retirement Benefits
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A Plan That Contains a Formula for Determining Retirement Benefits

Question 22

Question 22

Multiple Choice

A plan that contains a formula for determining retirement benefits is known as a ________.


A) defined contribution pension plan
B) defined benefit pension plan
C) cash balance plan
D) 401(k) plan

Correct Answer:

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