As an employee, would you prefer to participate in a defined$-$benefit pension plan or a defined$-$contribution pension plan? Explain your answer.

If you are a risk$-$averse person and plan to stay in the same job for a significant portion of your working life, you may prefer a

$($Click to select$)vv$ plan. The longer you work for a company, the

$($Click to select$)vv$ the pension benefits and $($Click to select$)vv$ the risks associated with the assets in which the pension contributions are invested.

If you plan to change jobs regularly and $($Click to select$)$ confident about making investment decisions about your retirement savings, you may prefer a plan.

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