Question: A defined - benefit pension plan guarantees a pre - specified payment per year in retirement. While the exact amount is often not known until

A defined-benefit pension plan guarantees a pre-specified payment per year in retirement. While the exact amount is often not
known until retirement, the formula that will determine the amount is known so the worker should be able to make a reasonable
estimate of the amount they will receive and that estimate should become more accurate as they get closer to retiring.
True
False
A defined-benefit pension plan guarantees a pre-specified payment per year in

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