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Business, 20.12.2019 20:31 cschellfamily

My brother-in-law worked as a full-time school teacher in san diego for 35 years. when he completed his 35 years of service, he retired and now receives -- based on his salary and years of service -- $6,000 per month for the rest of his life. this type of employer-sponsored retirement plan is best described with which of the following phrases:

(a) fixed compensation
(b) defined benefit
(c) perpetual benefit
(d) contingent benefit
(e) defined contribution

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My brother-in-law worked as a full-time school teacher in san diego for 35 years. when he completed...
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