Which of the Following Statements Is True Regarding a Defined

question 63

Multiple Choice

Which of the following statements is true regarding a defined contribution pension plan?

• A)The pension benefits to be received by the employee during retirement are defined in the plan.
• B)Defined contribution plans are the most popular type of pension plan for large corporations.
• C)Defined contribution plans do not define the required benefits that must be paid to retired employees.
• D)Employers that use defined contribution plans are assuming more risks than employers that use defined benefit plans.

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