In defined contribution plans
A) the level of benefits are guaranteed
B) the level of benefits are established by a formula
C) the level of contributions are fixed
D) the level of contributions is defined by the government
E) the level of contributions depends on the rate of return on investment
Correct Answer:
Verified
Q31: The third tier of the pension system
Q32: The bottom line is that employer pensions
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Q34: The employer-pension coverage for paid workers dropped
Q35: An employee pays 7 percent of her
Q37: The majority of defined benefit plan members
Q38: Locking in benefits means
A) benefits have to
Q39: Employer sponsored pension plans
A) are indexed to
Q40: Private pension plans make up approximately what
Q41: Private pension plans are not very useful
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