If an Employee Selects a Pension Plan in Which a Fixed

question 18

Multiple Choice

If an employee selects a pension plan in which a fixed percentage of profit is allocated to each employee in proportion to his/her proportion of total employee pay in that employee group,which pension plan did he/she select?

• A) Defined benefit
• B) Salary reduction
• C) 403(b)
• D) Defined contribution

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