In 1977, employer contributions increased from 1% to what percentage?

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Multiple Choice

In 1977, employer contributions increased from 1% to what percentage?

Explanation:
Historically, employer contributions to retirement or benefit plans rose in modest steps to keep benefits aligned with rising costs. In 1977, the documented increase moved the rate from 1% to 3%. That 3% figure is the one recorded for that year. A 2% change would be a smaller increase not supported by the data for 1977, while 4% or 5% would reflect larger jumps not shown for that year.

Historically, employer contributions to retirement or benefit plans rose in modest steps to keep benefits aligned with rising costs. In 1977, the documented increase moved the rate from 1% to 3%. That 3% figure is the one recorded for that year. A 2% change would be a smaller increase not supported by the data for 1977, while 4% or 5% would reflect larger jumps not shown for that year.

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