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JamesLu JamesLu
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6 years ago
Which of the following statements is (are) true regarding cash-balance pension plans?
I.   Cash balance plans are defined contribution plans.
II.   Under a cash balance plan, the employer creates an investment account for each employee into which the employer makes actual contributions and allocates investment gains and losses. 
A) I only
B) II only
C) both I and II
D) neither I nor II
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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ownzore3ownzore3
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6 years ago
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JamesLu Author
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6 years ago
This calls for a celebration Person Raising Both Hands in Celebration
dedricgard
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