Defined Contribution Plans Provide That Both the Employer and Employee

question 37

True/False

Defined contribution plans provide that both the employer and employee will contribute a percentage of employees' wages to a pension fund each month, but the eventual benefits after retirement are dependent on employees' ability to manage their money.

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Definitions:

Input Devices

Hardware components used to enter data and instructions into a computer system, such as keyboards, mice, and scanners.