Of the Different Types of Defined Benefit Plans,plans Using the Final

question 32

True/False

Of the different types of defined benefit plans,plans using the final pay method will usually produce the biggest retirement benefit to employees.

---

Definitions:

SUM(range)

A mathematical function that adds together all numbers in a specified range.

Add Values

The operation of performing addition to increase or combine numeric quantities.

Ratio Scale

A quantitative scale of measurement that includes a defined zero point, equal intervals, and the ability to express quantities as multiples of one another.

A Process

A sequence of measures or procedures followed to attain a specific goal.