What pension plan may be characterized as

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Problem 1: Retyred, Inc., has a pension plan with the following characteristics: Retyred makes all contributions and employees receive benefits upon retirement that are based upon the balance in the accumulated fund account. This pension plan may be characterized as:

Select one:

a. contributory and defined benefit.

b. vested benefit.

c. contributory and defined contribution

d. non-contributory and defined benefit.

e. non-contributory and defined contribution

Reference no: EM132972165

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