OTCQX:SREMF - Post by User
Comment by
ReindeerBreathon Aug 01, 2014 5:15pm
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Post# 22804290
RE:RE:RE:RE:RE:Frogive my transgressions
RE:RE:RE:RE:RE:Frogive my transgressionsAgain...you lie
In a defined benefit pension plan, an employer commits to paying its employee a specific benefit for life beginning at his or her retirement. The amount of the benefit is known in advance and is usually based on factors such as age, earnings, and years of service. For 2009, the maximum retirement benefit permitted under a defined benefit plan is $195,000 (up from $185,000 in 2008). Defined benefit plans do not have contribution limits.