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What type of retirement benefit plan is based on a formula that considers your years of service and highest salary?
Question
Asked 11/3/2010 6:07:34 PM
Updated 8/6/2014 12:17:59 PM
2 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by Frankie17851 [8/6/2014 11:47:46 AM]
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Original conversation
User: What type of retirement benefit plan is based on a formula that considers your years of service and highest salary?

Weegy: A. defined contribution plan
zch24|Points 438|

Question
Asked 11/3/2010 6:07:34 PM
Updated 8/6/2014 12:17:59 PM
2 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by Frankie17851 [8/6/2014 11:47:46 AM]
New answers
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8
The Federal Employees Retirement System basic annuity retirement benefit plan is based on a formula that considers your years of service and highest salary.
Added 8/6/2014 11:51:30 AM
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Hi Frankie, we need to cite sources now to verify the accuracy of our answers.
Added 8/6/2014 12:17:59 PM
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What is one reason many people are not financially very well prepared for retirement?
Weegy: One reason they are not well prepared is they spend a lot during their working days, not seeing that in the future they would eventually retire. They did not invest for the future or became lax in the present state of their life. They could invest while they are capable of it. (More)
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Updated 8/6/2014 11:57:34 AM
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