An employer must select a funding agency and a funding instrument when a pension plan is established.

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An employer must select a funding agency and a funding instrument when a pension plan is established.
a. What is a funding agency?
b. Briefly describe each of the following funding instruments:
1. Trust-fund plan
2. Guaranteed investment contract

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Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

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Question Posted: Jan 30, 2015 07:43 AM

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An employer must select a funding agency and a funding instrument when a pension plan is established.

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a A funding agency is a financial institution that provides for the accumulation or administration o...View the full answer

Principles of Risk Management and Insurance

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