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SOLVED: Which of the following statements describes a defined benefitpension plan?A. A pension plan where an employee is promised a specificperiodic pension payment upon retirement based on a formulaconsidering the employee’s earnings history, length of service, andage.B. Investment risk is borne by the employeeC. The accounting is simpler than that for defined contributionplansD. Retirement benefits are based on the amount an employee hasaccumulated in a retirement account
SOLVED: Which of the following statements describes a defined be…
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