Multiple Choice
Which of the following statement is incorrect?
A) In defined benefit funds, the final payment is defined in advance.
B) In defined contribution (or accumulation) funds, the investment risk is borne by the members.
C) In defined contribution (or accumulation) funds, the member's contribution is defined and the final benefit depends on the fund's investment performance.
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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