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10b) Which of the following is true of defined contribution (DC) pension plans? Choose the right answer below? The investment risk in a DC plan
10b)
Which of the following is true of defined contribution (DC) pension plans?
Choose the right answer below?
- The investment risk in a DC plan is borne by the employer.
- Accounting for DC plans is complex, and requires the company to recognize a liability.
- The investment risk in a DC plan is borne by the employee.
- Payments to retirees are determined by a formula stated in the plan.
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