All of These Statements About Pension Trends Are True EXCEPT

All of these statements about pension trends are true EXCEPT

A) many companies stopped offering pension plans because average life expectancy of retirees has increased.
B) tightening state and local government budgets have made it more difficult to fulfill long-term pension obligations to public employees.
C) defined contribution plans-such as a 401K-provide retirees with more financial security than the pension plans that they replaced.
D) some cities have declared bankruptcy and became unable to honor their pension commitments.