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A Type of Retirement Plan That Does Not Guarantee the Eventual

Question 20

Multiple Choice

A type of retirement plan that does not guarantee the eventual pension benefit an employee will receive at retirement, but only what the employee and employer contributions to the plan will be, is called a


A) government-sponsored plan.
B) defined contribution pension plan.
C) deferred profit-sharing plan.
D) retirement plan.
E) defined benefit pension plan.

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