Which of the following describes defined benefit pension plans?

Question

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Defined benefit pension plans are retirement plans where the investment risk is borne by the employer. The employer is responsible for contributing to the plan and guaranteeing a certain retirement benefit for the employee based on factors such as years of service and salary history. This is different from defined contribution plans, where the investment risk is borne by the employee and retirement benefits depend on an individual's account balance. Defined benefit plans can be complex and require actuarial calculations to determine funding levels.

Which of the Following Describes Defined Benefit Pension Plans