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Defined contribution plans and defined benefit plans are two common types of pension plans. Choose the correct statement regarding these plans Select one: a. The
Defined contribution plans and defined benefit plans are two common types of pension plans. Choose the correct statement regarding these plans Select one: a. The required annual contribution to the plan is determined by formula or contract in a defined contribution plan, b. Both plans provide the same amount of retirement benefits c. The retirement benefit is usually determinable well before retirement in a defined contribution plan d. In both types of plans, pension expense is generally the amount funded during the year
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