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Question
A company instituted an IRS approved plan to contribute monies to a plan that would pay each employee a percentage of his or her highest year of salary for each year of service upon termination of services. This plan is a
A. defined benefit pension plan.
B. defined contribution pension plan.
C. government sponsored pension plan.
D. postretirement benefit plan.
Answer
This answer is hidden. It contains 1 characters.
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