Question: Statement 1: A cash-balance pension plan is a defined contribution plan as it has a cash balance. Statement 2: For a defined-benefit plan, the beneficiary

Statement 1: A cash-balance pension plan is a defined contribution plan as it has a cash balance. Statement 2: For a defined-benefit plan, the beneficiary of the plan bears the investment risk of the assets in the plan. Statement 2 is Ture. Statement 1 is false Statement 1 is Ture. Statement 2 is false Both statements are true. Both statements are false. Statement 1: A cash-balance pension plan is a defined contribution plan as it has a cash balance. Statement 2: For a defined-benefit plan, the beneficiary of the plan bears the investment risk of the assets in the plan. Statement 2 is Ture. Statement 1 is false Statement 1 is Ture. Statement 2 is false Both statements are true. Both statements are false

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