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Out of the following list what is NOT a characteristic of a Defined Benefit Pension Plan? Select one: a. If the employer becomes insolvent it
Out of the following list what is NOT a characteristic of a Defined Benefit Pension Plan? Select one: a. If the employer becomes insolvent it can be forced to fund the pension plan b. Contributions made by the employer or by both the employer and plan member c. Group member knows the retirement amount or the funding formula to calculate the pension d. Employer is fully responsible to assure funding is adequate to provide the promised pension
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