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Determine if the two statements are logically equivalent, negations, or neither.
Accrued Vacation Pay
The amount of vacation time that employees have earned but not taken, often calculated to represent a financial liability for the employer.
Defined Contribution Pension Plan
A retirement plan in which the employer, employee, or both make contributions on a regular basis, but final benefits depend on the plan's investment performance.
Northern Trust
A financial services company providing wealth management, asset servicing, and banking solutions.
Vacation Pay
Compensation employees receive for their time off work, as determined by their employment contracts or company policies.
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