In a Defined Contribution Pension Plan,fixed Amounts Are Contributed Based

question 26

True/False

In a defined contribution pension plan,fixed amounts are contributed based upon a specific formula and retirement benefits are based on the value of a participant's account at the time of retirement.

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Definitions:

Myosin

Myosin is a type of motor protein involved in muscle contraction and movement of various types of cells and organelles in the cytoplasm.

Cyanobacteria

Photosynthetic bacteria that produce oxygen and are found in aquatic and terrestrial environments.

Photosynthesize

The process by which green plants and some other organisms use sunlight to synthesize foods from carbon dioxide and water.

Chloroplast

A organelle found in plant cells and other eukaryotic organisms that conducts photosynthesis, absorbing sunlight and converting it into energy.