Which of the following is not a difference between defined benefit pension plans and other postretirement benefits ORBS)
A) Unlike defined benefit pension plan payments,there is no cap on the amount of OORB benefit to be paid to participants .
B) Unlike defined benefit pension plans,management promises OORB payments in exchange for current services.
C) Unlike defined benefit pension plans,employees do not accumulate additional OORB benefits with each year of service.
D) Unlike defined benefit pension plans,OORBs do not vest.
Correct Answer:
Verified
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