Question: A key difference between a defined contribution plan and a defined benefit pension plan is: The amount of pension benefits an employee will receive is

A key difference between a defined contribution plan and a defined benefit pension plan is:

The amount of pension benefits an employee will receive is known in a defined benefit plan.

The employer's obligation is limited to the amount contributed to the plan in a defined contribution plan.

Both plans guarantee a specific retirement benefit.

None of the above.

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