Under a Defined Benefit Plan,the Annual Benefit Payable to an Employee

question 80

True/False

Under a defined benefit plan,the annual benefit payable to an employee is limited to the smaller of $200,000 (in 2012)or 100% of the employee's average compensation for the highest 3 years of employment.

---

Definitions:

Stress

A psychological and physical response to perceived challenges or threats, resulting in a state of strain or tension that can affect health and well-being.

Cancer

A broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells in the body.

Conflict

A serious disagreement or argument, typically a protracted one, which can occur between individuals, groups, or countries.

Lewin

Kurt Lewin, a German-American psychologist recognized for his field theory in social science and contributions to social psychology, group dynamics, and action research.