Write an essay in which you need to address the following:

How does a contribution pension plan differ from a defined benefit pension plan? What are some of the advantages and disadvantages of each type of plan? How do they differ for accounting and financial reporting? Which type of plan would you prefer to belong to? Why?

Answer rating: 100% (QA)

Essay A defined contribution pension plan is quite cheaper for majority of employers than the defined benefit plan which is rather on the high cost side In recent years the expensive nature of defined ... View the full answer