In a defined benefit pension plan:
A) the employer agrees to pay a pension but they won't agree to pay any other benefits to retirees.
B) retirement pension benefits are determined by a formula that usually considered the worker's age, salary and years of service.
C) retirement benefits depend on the total accumulation in the individual's account at the retirement date.
D) the retired employee will receive medical, dental and often life insurance benefits but possibly no monthly income.
Correct Answer:
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