Which of the following is not a characteristic of a defined benefit plan? A. A guaranteed retirement

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Which of the following is not a characteristic of a defined benefit plan?

A. A guaranteed retirement benefit.

B. Risk of preretirement inflation assumed by employer.

C. Benefits based upon the participant’s compensation and years of service.

D. Employer contributions not attributed to a specific employee.

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Essentials Of Personal Financial Planning

ISBN: 9781945498237

1st Edition

Authors: Susan M. Tillery, Thomas N. Tillery

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Question Posted: Apr 08, 2024 02:01 AM

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Which of the following is not a characteristic of a defined benefit plan? A. A guaranteed retirement

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Answer The correct answer is D Employer contributions not attributed to a spec...View the full answer

Essentials Of Personal Financial Planning

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