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Which of the following statements is false regarding pension funds companies? a. Under defined-contribution plan, amount of sponsors (employers) contribution is fixed but benefits vary
Which of the following statements is false regarding pension funds companies?
a. | Under defined-contribution plan, amount of sponsors (employers) contribution is fixed but benefits vary | |
b. | Under defined-benefit plan, amount of sponsors (employers) contribution varies but benefits are fixed
| |
c. | Collect small insurance premiums from employees and make payments to those employees who suffer irregular losses | |
d. | Accumulate funds to provide retirement payments to the company employees |
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