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Defined benefit pension plans: require the employer to provide sufficient funding to cover defined benefits. are usually operated on a pay-as-you-go basis. specify the employer

Defined benefit pension plans:

require the employer to provide sufficient funding to cover defined benefits.

are usually operated on a pay-as-you-go basis.

specify the employer contributions.

shift the risk to the employee as to whether the pension funds will grow to provide a reasonable pension payment upon retirement.

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