Question 45 Which of the following about pension plans is incorrect? O Defined benefit plans have minimum funding requirements. O Defined contribution plans are getting more popular. O Defined benefit plans are getting more popular. Defined contribution plans have more flexibility. Question 48 Which of the following about pension plans is incorrect? O Defined contribution plans have pre-determined benefits. O Defined contribution plans have uncertainty in benefit amount. O Defined pension plans may be terminated. O Defined benefit plans have pre-determined benefits. Question 49 Contributions to a traditional IRA are always tax deductible. O True O False