Which of the following statements is true regarding a defined contribution pension plan?
A) The pension benefits to be received by the employee during retirement are defined in the plan.
B) Defined contribution plans have the more complex accounting issues than defined benefit plans.
C) Defined contribution plans do not define the benefits that the pension plan must pay to retired employees.
D) Employers that use defined contribution plans are assuming more risks than employers that use defined benefit plans.
Correct Answer:
Verified
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