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A defined-contribution plan is a A. bonus plan to be received in retirement. B. plan where the employer promises a benefit upon retirement. C. plan
A defined-contribution plan is a
A. bonus plan to be received in retirement.
B. plan where the employer promises a benefit upon retirement.
C. plan where the employer makes periodic contributions but makes no promise about what benefit might result from these contributions.
D. plan where there is a specific contribution made regardless of salary.
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