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Space Co. has just implemented a new pension plan where each employee has a predetermined retirement benefit that takes into account the number of years

Space Co. has just implemented a new pension plan where each employee has a predetermined retirement benefit that takes into account the number of years the employee has worked. Which of the following types of pension plans does this describe? Question 24 options: a) Contributory plan b) Defined contribution plan c) Defined benefit plan d) Non-contributory

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