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Discuss the post employment benefit plans

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Reference no: EM131703419

Question: (Terminology) Define the following terms as they apply to pension plans and other postemployment benefit plans:

1. Defined benefit plan

2. Defined contribution plan

3. Other postemployment benefits

4. Annual required contribution

5. Unfunded actuarial accrued liability

6. Net pension obligation

Reference no: EM131703419

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