Author Question: In a contributory defined contribution pension plan, all of the following are truewith the exception of (Read 53 times)

bclement10 · **on:** Sep 13, 2020

In a contributory defined contribution pension plan, all of the following are true with the exception of
◦ a separate account is established for each participant.
◦ both the employee and employer can make contributions to the plan.
◦ amounts are contributed to the plan based upon a specific formula.
◦ retirement benefits are a fixed amount based on the level of compensation earned by the employee during the working years.

TDubDCFL · **Reply #1 on:** Sep 13, 2020

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