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15 June, 09:02

A promise to pay participants specified benefits that are determined and based on such factors as age, years of service, and compensations is called ...

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  1. 15 June, 09:21
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    It's called a defined benefit Plan

    it's a type of company pension plan in which the amount of the benefits is calculated according to that worker's age, Achievement, salary that he earned, and the length of his service in the Company
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