Question
In a(n) __________, the employer guarantees that the participant will receive an annual benefit for life following retirement, or the actuarial equivalent of such a
In a(n) __________, the employer guarantees that the participant will receive an annual benefit for life following retirement, or the actuarial equivalent of such a benefit, based on a formula in the plan regardless of contributions made or the plan's investment performance.
A. defined contribution pension plan
B. 401(k) plan
C. employee stock ownership plan
D. defined benefit pension plan
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Introduction to Law
Authors: Beth Walston Dunham
6th edition
978-1111642501, 1111642508, 1111311897, 978-1133707981, 113370798X, 978-1111311896
