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1. Differentiate between a defined contribution pension plan and a defined benefit pension plan. Explain how the employer's obligation differ between the two types of
1. Differentiate between a defined contribution pension plan and a defined benefit pension plan. Explain how the employer's obligation differ between the two types of plans.
2. Describe the reporting of pension plans for a company with multiple plans, some of which are underfunded and some of which are overfunded. In addition, determine the meaning of contributory plan, vested benefits, retroactive benefits and years of service benefits.
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