Current Attempt in Progress

In a defined benefit plan, a formula is used that

defines the benefits that the employee will receive at the time of retirement.

defines the contribution the employer is to make; no promise is made concerning the ultimate benefits to be paid out to the employees.

requires that pension expense and the cash funding amount be the same.

requires that the benefit of gain or the risk of loss from the assets contributed to the pension plan be borne by the employee.

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