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Which statements are true with respect to Defined-Benefit Pension Plans (DBPP)? 1. Money is not taxed until it is withdrawn. II. Benefit at retirement is

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Which statements are true with respect to Defined-Benefit Pension Plans (DBPP)? 1. Money is not taxed until it is withdrawn. II. Benefit at retirement is guaranteed. III. Benefit is based on a specific formula. IV. Amounts to fulfill the commitment are based on actuarial values which are based on a set of assumptions. III and IV I, II and III I, II and IV All the responses

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