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A defined contribution pension plan is one in which the employer agrees to do which of the following? To make payments to a specified pension

image text in transcribed A defined contribution pension plan is one in which the employer agrees to do which of the following? To make payments to a specified pension plan with no guarantee of a specific pension amount to be paid to the employees. To make actuarially determined payments to a pension plan AND to guarantee that the employees will receive a specified pension benefit (usually determined by length of service and salary). To make actuarially determined payments to a pension plan that guarantees employees will receive a specified pension (usually determined by length of service and salary). To pay specified amounts (usually determined by length of service and salary) to the employees upon retirement

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