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11Alexandr11 [23.1K]
3 years ago
7

A pension plan which promises employees a fixed annual pension benefit, based on years of service and compensation, is called a(

n)
Business
1 answer:
Liula [17]3 years ago
5 0

Answer:

Defined benefit plan

Explanation:

The defined benefit plan is the benefit pension plan that could be funded by the employers and also called as the retirement plan of an employer sponsored in which the benefits are to be determined on different kind of factors

So as per the given situation, it is a defined benefit plan

Hence, the same is to be considered

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Where can you find an image database of free and simple graphics in many
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Of the automobiles produced at a particular plant, 40% had a certain defect. suppose a company purchases five of these cars. wha
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Covenants represent:
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A company borrowed $15,000 by signing a 120-day promissory note at 10%. The total interest due on the maturity date is: (Use 360
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7 0
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