_____________ refers to a pension scheme where benefits are based on a wage indexed average of past covered wages and the number of years as a contributor. Defined Benefit Defined Contribution Funded Contribution None of the above

_____________ refers to a pension scheme where benefits are based on a wage indexed average of past covered wages and the number of years as a contributor. Defined Benefit Defined Contribution Funded Contribution None of the above

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 2.6P

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Question

_____________ refers to a pension scheme where benefits are based on a wage indexed average of past covered wages and the number of years as a contributor.

Defined Benefit
Defined Contribution
Funded Contribution
None of the above

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