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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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