In a Contributory Defined Contribution Pension Plan, All of the Following

question 868

Multiple Choice

In a contributory defined contribution pension plan, all of the following are true with the exception of

• A) retirement benefits are a fixed amount based on the level of compensation earned by the employee during the working years.
• B) amounts are contributed to the plan based upon a specific formula.
• C) a separate account is established for each participant.
• D) both the employee and employer can make contributions to the plan.

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