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Describe and explain the different types of pension plans. Discuss the advantages and drawbacks of each type of pension plans. 1) Defined-Benefit 2) Defined-Contribution 3)

Describe and explain the different types of pension plans. Discuss the advantages and drawbacks of each type of pension plans.

1) Defined-Benefit

2) Defined-Contribution

3) Private Pension Plans

4) Public Pension Plan

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