Question: Your employer gave you an option between a defined contribution pension plan and a defined benefit pension plan. Recall what each plan offers and choose

Your employer gave you an option between a defined contribution pension plan and a defined benefit pension plan. Recall what each plan offers and choose the plan that works best for you. Support your response with facts about each plan. Also, consider the accounting method your employer uses to report these expenditures. How does this method compare to an Endowment fund? Identify any similarities and differences between pension plan reporting and endowment fund reporting.

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