With a defined benefit plan,the employee knows just how much his or her retirement benefits is costing the employer.

Name: With a defined benefit plan,the employee knows just how much his or her retirement benefits is costing the employer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In a defined benefit plan, the employee knows the amount they will receive upon retirement, but the cost to the employer can vary based on factors such as investment returns and actuarial assumptions, not the specific cost to the employer.

With a Defined Benefit Plan,the Employee Knows Just How Much