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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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