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A pension plan: Multiple Choice Can be underfunded if the plan assets are more than the accumulated benefit obligation. Is always funded fully by employers.
A pension plan:
Multiple Choice
Can be underfunded if the plan assets are more than the accumulated benefit obligation.
Is always funded fully by employers.
Can be a defined benefit plan or an undefined benefit plan.
Is a contract between the company and the government.
Is an agreement for the employer to provide benefits (payments) to employees after they retire.
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