Question
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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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
