The kind of benefit plan in which the employee is promised to get a pension amount based on the service and age of employee is classified as Options: A . &nbspcontributory plan B . &nbspdefined benefit plan C . &nbspdefined contribution plan D . &nbspnoncontributory plan

The kind of benefit plan in which the employee is promised to get a pension amou

Question

The kind of benefit plan in which the employee is promised to get a pension amount based on the service and age of employee is classified as

Options:

A . contributory plan

B . defined benefit plan

C . defined contribution plan

D . noncontributory plan

Answer: Option B
Answer: (b).defined benefit plan

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Question 4. The plan which combines the vacation time, sick leave and total number of holidays that individuals take off with pay is....holidays that individuals take off with pay is classified as

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Question 9. The forced distribution and ranking are considered as methods of....

Question 10. The graphic rating scale and checklist are classified as method of....

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