A Statewide Pension Plan Exists for All Local Governments in a Certain

question 116

Multiple Choice

A statewide pension plan exists for all local governments in a certain state.The provisions of the plan indicate that each qualifying retiree receive 2% multiplied by the number of years active employment multiplied by the average salary for the past four years of service.The government calculates the actuarial liability on a statewide basis,not by individual government.The plan would be known as a:

• A) Multiple-employer, defined benefit, agency plan.
• B) Multiple-employer, defined contribution plan.
• C) Multiple-employer, defined benefit, cost-sharing plan.
• D) Single employer plan.

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Definitions:

Passive-Voice Verbs

A grammatical voice where the subject of the sentence is acted upon by the verb.

Refusal Letter

Written communication used to explicitly inform someone that a request, proposal, or offer has been declined.

Required Experience

The set of skills, knowledge, and background deemed necessary for a particular job or task.

Final Slate

The ultimate list or lineup of candidates, options, or choices that have been selected for final consideration or voting.