A Defined Benefit Plan Must Reduce the $210,000 (In 2014)maximum

question 67

True/False

A defined benefit plan must reduce the $210,000 (in 2014)maximum benefits payable by one-tenth for each year of participation under 10 years that an employee has performed.

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Definitions:

Numeric Ages

Refers to the actual number of years that have passed since a particular geological event or the formation of a rock.

Landslide

The sudden and rapid movement of a large amount of earth material, such as rock and soil, downslope due to gravity.

Unconformity

A surface of erosion or non-deposition that separates younger strata from older rocks, indicating a gap in the geologic record.

Conglomerate

A conglomerate is a coarse-grained sedimentary rock composed of rounded fragments larger than 2 mm in diameter, embedded in a matrix of finer particles and cement.