14.

A defined benefits superannuation plan is:

Select one:

a. a plan offering superannuation products to the public, usually on a commercial basis

b. a fund whose trustee has elected for it to become a public offer fund.

c. a superannuation plan in which the employer states the benefit that the employee will receive at retirement.

d. a superannuation fund that pays out the sum of the contributions made by the employee and the earnings on those funds.