Chapter 20 Content Learning Worksheet - Answer the question and provide the page number of your solution. 1. __________Name two types of pension plans discuss in the book. 2. _________Regarding a Defined Contribution Plan: a) What is the Pension Expense based on?_______________________________ b) Who holds the risk if a loss in the market occurs?__________________________ c) Is the plan funded based on a set amount or a variable amount?___________________ d) Are pay-outs to retirees guaranteed?___________________________ e) What makes up the liability at the end of the year?________________________________ 3. _________Regarding a Defined Benefit Plan: a) What is the Pension Expense based on?_______________________________ b) Who holds the risk if a loss in the market occurs?__________________________ c) Is the plan funded based on a set amount or a variable amount?___________________ d) Are pay-outs to retirees guaranteed?___________________________ e) What makes up the liability at the end of the year?________________________________ 4. _________Define a Vested benefit obligation: 5. _________Define an Accumulated benefit obligation: 6. ________Define a Projected benefit obligation: 7. ________What is used to calculate the Net Funded status (ie: To determine if the pension plan is over or under funded) 8. ________What are the five components of Pension Expense for a Defined Benefit Plan?