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Which of the following is a characteristic of a defined-benefit pension plan? The employer's contribution each period is fixed. The benefits to be received by
Which of the following is a characteristic of a defined-benefit pension plan?
The employer's contribution each period is fixed.
The benefits to be received by employees are determined by the size of the pension fund at the time an employee retires.
The size of pension asset/liability depend on actuarial estimates.
The benefit of gain or the risk of loss from the assets contributed to the pension fund is borne by the employee.
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