Question $44(2$ points$)$

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Which of the following is not a characteristic of a defined benefit pension arrangement?

Question $44$ options:

$1)$

Benefits are based on actual contributions plus amounts earned on the contributions

$2)$

Benefits are linked to the number of years worked by the employee

$3)$

Benefits are based on a formula that considers salaries earned by the employee

$4)$

Benefits, rather than contributions, are guaranteed by the employer