Nan Chen works for a firm that offers a benefit pl
Nan Chen works for a firm that offers a benefit plan that guarantees her an annual payment in retirement equal to her average salary over her last 3 years of full-time employment multiplied by 3% for each of her years of full-time employment, as long as she has reached age 62.The most appropriate term for Nan’s retirement plan is a:
A.salary-based plan.
B.defined benefit plan.
C.years-of-service plan.
参考解答
Ans:B.
A plan where the company guarantees a specific benefit amount upon retirement is referred to as a defined benefit plan.
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