Cppb comprehensive d - Study guides, Class notes & Summaries
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CPFO Exam on the following Risk, Benefits, Procurement
- Exam (elaborations) • 14 pages • 2023
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How many full-time public employees are covered by defined benefit plans? - Correct Answer-Ninety-one percent 
 
How many full-time public employees are covered by defined contribution plans? - Correct Answer-nine percent 
 
Prudent-Person Rule - Correct Answer-Requires each retirement board member to perform his or her duties as a prudent person would when acting in a like capacity and in a similar situation. 
 
Defined Benefit Plan - Correct Answer-Provides for a guaranteed benefit at retireme...
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