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Vester Corporation instituted an IRS approved plan to contribute 10 of each employee s salary to a plan that would pay benefits to the employee

Vester Corporation instituted an IRS approved plan to contribute 10 of each employee s salary to a plan that would pay benefits to the employee after termination of services, This plan is a plan

A. defined benefit pension

B. defined contribution pension

C. government-sponsored pension

D. postretirement insurance

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