A company has a contributory defined benefit pension plan covering all employees over the age of 30.

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A company has a contributory defined benefit pension plan covering all employees over the age of 30. An analyst was quoted as saying:


Required:
1. What factors associated with defined benefit plans have led to the trend toward defined contribution plans?
2. Evaluate the attractiveness of defined contribution plans for employees.

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Intermediate Accounting Volume 2

ISBN: 9781260881240

8th Edition

Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel

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