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Tess,a huge football fan,couldn't remember the name of the beautiful model who walked the runway at the Rio Olympics until her friend reminded her that it was quarterback Tom Brady's wife.Tess realized it was Giselle,and her friend's prompt functioned as a(n) _____ cue.
Discounted Present Value
The process of determining the present value of a future amount of money or stream of cash flows given a specified rate of return.
Additional Year's Employment
The extension of an employee's service period by one year, often affecting benefits and pension calculations.
ERISA
The Employee Retirement Income Security Act of 1974, a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to protect individuals in these plans.
Minimum Funding Requirements
Regulated benchmarks that pension plans or other forms of retirement funds must reach to ensure they have sufficient assets to meet future obligations.
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