Benefits Paid to Members of a Defined Benefit Post-Employment Fund

question 12

Multiple Choice

Benefits paid to members of a defined benefit post-employment fund are based on:
I. investment returns generated by the fund.
II. remuneration levels while employed.
III. number of years of service.
IV. the level of employer contributions made to the fund.

• A) I and II only.
• B) II and IV only.
• C) II and III only.
• D) III and IV only.

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Definitions:

M/M/S System

A mathematical model used in queue theory representing a system with multiple servers where arrivals and service times follow a Poisson and exponential distribution respectively.

Single Queue

A method of organizing waiting lines that directs all customers to form one line that feeds into multiple service points.

Model A

A specific version or type of a product or system, often denoting its design or features.

M/M/1 System

A model in queue theory representing a system with a single server where arrivals follow a Poisson process and service times are exponentially distributed.