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An employee of XYZ will receive retirement benets of $1,000 per month if the employment period is 15 years. However, if the employment period is

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An employee of XYZ will receive retirement benets of $1,000 per month if the employment period is 15 years. However, if the employment period is 20 years, the retirement benefits will be $1,300 per month. This is an example of a defined contribution pension plan. True or Faise

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