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What are the advantages of a defined benefit plan

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Reference no: EM132746353

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: EM132746353

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