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The most popular defined benefit formula is the percentage unit benefit plan which recognizes both the employee's years of service and level of compensation. True

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The most popular defined benefit formula is the percentage unit benefit plan which recognizes both the employee's years of service and level of compensation. True False Question 54 (1 point) Saved A defined contribution (DC) plan is a qualified pension plan in which the contribution amount and the bensfit amouat available at retirement is clearly defined. True False

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