Defined Contribution (DC)Plans Are Benefits Plans Based On

question 86

Multiple Choice

Defined Contribution (DC) Plans are benefits plans based on:

• A)the number of year of service.
• B)amounts contributed by the employer and the employee,the final pension depending on amounts contributed,investment income,and economic conditions at retirement.
• C)a formula based on age and length of service,with the employer assuming responsibility for funding.
• D)the age of the employee and economic conditions at retirement.
• E)a formula based on age and length of service,with the employer assuming full responsibility for funding.

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