HRCI Exam GPHR Topic 2 Question 8 Discussion

Actual exam question for HRCI's GPHR exam

Question #: 8
Topic #: 2

An organization allows its employees to make 2% of compensation contributions to a retirement plan. After retirement, the company promises to pay employees 50% compensation using the final pay formula. Which of the following is this an example of?

ADefined benefit plan

BTotalization agreement

CDefined contribution plan

DLump sum payment

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Suggested Answer: A

by Clorinda at May 07, 2022, 06:59 AM

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