Which of the following statements is true about the trends in employment-based retirement plans?
A) Most employees prefer defined-contribution plans.
B) Over the past 20 years, the number of defined-benefit plans has stayed about the same.
C) Most people who have retirement plans at work are in defined-contribution plans.
D) Employers have been shifting to defined-benefit plans in order to reduce their compensation costs.
Correct Answer:
Verified
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