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Which of the Following Is the Type of Pension Plan

Question 4

Multiple Choice

Which of the following is the type of pension plan that contains a formula for determining retirement benefits so that the actual benefits to be received are defined ahead of time?


A) Money purchase pension plan
B) Defined contribution pension plan
C) Defined benefit pension plan
D) Deferred profit-sharing plan
E) Undefined retirement plan

Correct Answer:

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