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Which of the following is true of defined contribution (DC) pension plans? A: Payments to retirees are determined by a formula stated in the plan.

Which of the following is true of defined contribution (DC) pension plans?

A: Payments to retirees are determined by a formula stated in the plan.

B: The investment risk in a DC plan is borne by the employer.

C: Accounting for DC plans is complex, and requires the company to recognize a liability.

D: The investment risk in a DC plan is borne by the employee.

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