Under the provisions of a typical defined benefit pension plan, the employer is responsible for ________.

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Under the provisions of a typical defined benefit pension plan, the employer is responsible for paying benefits to retired employees. The employer is required to provide a specific benefit amount based on a formula which may take into account factors such as length of service and salary history. The employer is responsible for managing the pension plan assets and making contributions to the plan to ensure that there are sufficient funds to pay benefits to retired employees.

Under the Provisions of a Typical Defined Benefit Pension Plan