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Which retirement benefit plan is based on a formula including credited years of service and highest final average pay? A. Defined benefit plan B. Social Security C. Fixed-income plan D. Defined contribution plan
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Asked 1/20/2011 11:58:59 AM
Updated 2/24/2017 6:35:45 PM
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Flagged by emdjay23 [2/24/2017 6:35:45 PM]
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User: Which retirement benefit plan is based on a formula including credited years of service and highest final average pay? A. Defined benefit plan B. Social Security C. Fixed-income plan D. Defined contribution plan

Weegy: A. Social Security
ambrosio_09|Points 845|

Question
Asked 1/20/2011 11:58:59 AM
Updated 2/24/2017 6:35:45 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by emdjay23 [2/24/2017 6:35:45 PM]
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Defined Benefit plan is a retirement benefit plan based on a formula including credited years of service and highest final average pay.
Added 2/24/2017 6:35:43 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [2/26/2017 3:40:57 AM]
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Questions asked by the same visitor
Which of the following methods for estimating retirement income needs assumes that retirement expenses will be some fixed proportion of your pre-retirement needs? A. Percentage adjustment method B. Replacement ratio method C. Fixed ratio method D. Adjusted expense method
Weegy: B. Fixed ratio method (More)
Question
Updated 8/15/2016 5:06:04 PM
1 Answer/Comment
Replacement ratio method for estimating retirement income needs assumes that retirement expenses will be some fixed proportion of your pre-retirement needs.
Added 8/15/2016 5:06:03 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/16/2016 6:40:15 AM]
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