An employee with a defined benefit plan: Question 5 Answer a. Receives a defined-benefit package and the premium is paid by the employer/employee which is fixed each year. b. Receives an open benefit package and the premium is paid by the employer/employee which is adjusted each year based on experience. c. Receives a defined-benefit package and the premium is paid by the employer/employee which is adjusted each year based on experience. d. Receives an open benefit package and the premium is paid by the employer/employee which is fixed each year