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What is the defined pension plan?

What is the defined pension plan? Is there a difference between accumulated benefits approach and projected benefits approach in determining the amount of future benefits earned by employees under a defined benefit pension plan? Explain.

Top Answer

Defined benefit obligation plan is a pension plan which promises or provide a fix amount of money each month after... View the full answer

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pension plan is  the cash contributions that are made to the pension plan. Pension... View the full answer

this is a plan that shows the employee the definite amount that he or she has to contribute to a... View the full answer

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