Question: QUESTION 16When distinguishing between a defined benefit pension plan (DBPP) and a delined contribution pension plan (DCPP), which statements are true?The pension benefit from a
QUESTION 16When distinguishing between a defined benefit pension plan (DBPP) and a delined contribution pension plan (DCPP), which statements are true?The pension benefit from a DBPP can be calculated, while the benefit from a DCPP is unknown.A DBPP holds more risk to the employee compared to a DCPR.The pension adjustment for a DBPP and DCPP both rely upon the contributions of the employee and employer.An employer knows the contributions required each year for a DCPP, but the contributions for the DBPP are unknown. a.3 and 4. b.2 and 3. c.1 and 4. d.1 and 2.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
