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Defined contribution plans and defined benefit plans

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Question - Defined contribution plans and defined benefit plans. If you, as an employee, had the choice between a defined benefit plan or a defined contribution plan, which would you choose and why? Assume that the net benefit is the same - in other words, that the amount the company would pay you for retirement would be the same, the different is purely whether it is under a defined benefit or defined contribution plan. Please give reasonable details as to why.

Reference no: EM132729120

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