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Funding Verification Form
EVENT #: 7466TITLE: Gwinnett Street WideningTOTAL FUNDING AMOUNT:
AMOUNT
$13,662,942.10FUNDING SOURCE:
BUDGET YR
2020FUND
311CAPITAL IPR. FUNDDEPARTMENT
9207CAPITAL IPR.
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Who needs represented defined benefit plan?
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What is represented defined benefit plan?
A defined benefit plan is a retirement plan in which an employer promises a specified monthly benefit on retirement that is predetermined by a formula based on the employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.
Who is required to file represented defined benefit plan?
Employers who offer defined benefit plans are required to file represented defined benefit plan.
How to fill out represented defined benefit plan?
Employers must fill out the represented defined benefit plan with accurate and detailed information about the plan and its participants.
What is the purpose of represented defined benefit plan?
The purpose of a represented defined benefit plan is to ensure that employees receive a specified retirement benefit based on their earnings history and tenure of service.
What information must be reported on represented defined benefit plan?
The represented defined benefit plan must include information about the plan's funding, investments, participants, and benefits.
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