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In a defined contribution pension plan
A) pension income varies depending on how well the plan's investments have done.
B) the employee is promised an assigned benefit based on earnings and years of service.
C) if the funds in the pension plan exceed the amount promised, the excess accrues to the issuing firm or institution.
D) all earnings are taxable as regular income.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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