Defined Contribution (DC) Plans are benefits plans based on:
A) the number of year of service
B) amounts contributed by the employer and the employee,the final pension depending on amounts contributed
C) a formula based on age and length of service,with the employer assuming responsibility for funding
D) the age of the employee and economic conditions at retirement
E) a formula based on age and length of service,with the employer assuming full responsibility for funding
Correct Answer:
Verified
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