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Emilio is interviewing for a new job at the University of Belize. He is evaluating the quality of the pension plans offered by the university.

Emilio is interviewing for a new job at the University of Belize. He is evaluating the quality of the pension plans offered by the university. UB offers a pension plan with a contributory, defined benefit. Explain to Emilio what this means, and provide (2) advantages and disadvantages to the offered plan.

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