Question: In a Defined contribution plan: a. None of the options. b. Benefits are determined by a formula dependent on the final salary of the employee

In a Defined contribution plan:

a.

None of the options.

b.

Benefits are determined by a formula dependent on the final salary of the employee and the number of years in service

c.

Contributions can only be invested in fixed income securities

d.

When the employee retires the accumulated value of the contributions are usually converted to an annuit

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