Question: A pension plan: Multiple Choice Can be underfunded if the plan assets are more than the accumulated benefit obligation. Is always funded fully by employers.

A pension plan:

Multiple Choice

Can be underfunded if the plan assets are more than the accumulated benefit obligation.

Is always funded fully by employers.

Can be a defined benefit plan or an undefined benefit plan.

Is a contract between the company and the government.

Is an agreement for the employer to provide benefits (payments) to employees after they retire.

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