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What are the advantages of a defined benefit plan

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Reference no: EM132741263

Question - 2 major types of employee retirement plans are defined benefit plans and defined contribution plans.

What are the advantages of a defined benefit plan and defined contribution plan?

What are the disadvantages of a defined benefit plan and defined contribution plan?

If you could only select either a defined benefit plan or a defined contribution plan, which would you choose? Why?

Reference no: EM132741263

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