Natalie's Employer Uses a Final-Average Formula to Calculate Pensions

question 2

True/False

Natalie's employer uses a final-average formula to calculate pensions.This type of pension is based on a fixed percentage of the average earnings of the employee's last several years.

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Definitions:

Assignee

An individual or entity to whom rights or interests have been transferred by another, known as the assignor.

Assignor

A person or entity that transfers rights or interests in a contract or property to another party, known as the assignee.

Obligations

Duties and responsibilities imposed by law or contract.

Assignability

The capability of a contract or right to be transferred from one party to another.