mt: Chapter 26: Assignment Many public pension plans are funded on a pay-as-you-go basis. a. True O b. False ... oo .. 0 Icon Key nt! Chapter 26: Assignment In a defined-benefit plan, fixed payments are not dependent on 1 a. salary levels. O b. life expectancies. c. retirement ages. - O d. current positions held by employees. e. none of the above . . . O 0 Icon Key signment tent: Chapter 26: Assignment SA There is little difference between the asset composition of pension portfolios managed by the insurance companies and trusts o True LERTY ulilole elelal UKIT