Melanie has a defined contribution pension plan; she will know the actual benefits that she will receive ahead of time.

Name: Melanie has a defined contribution pension plan; she will know the actual benefits that she will receive ahead of time.
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Question

Quizplus · Accepted Answer

In a defined contribution pension plan, the contributions are defined, but the actual benefits received at retirement depend on the investment performance of the contributions, and thus cannot be known ahead of time.

Melanie Has a Defined Contribution Pension Plan; She Will Know