Which of the following statements is true with regard to defined benefit and defined contribution pension plans?
A) It's easier for an employer to determine its annual pension contribution under a defined benefit plan than under a defined contribution plan.
B) When a new pension plan is installed, it's more beneficial for older workers if it's a defined contribution plan rather than a defined benefit plan.
C) The employer bears the investment risk under a defined contribution plan, and the employee bears the investment risk under a defined benefit plan.
D) With a defined benefit plan, the retirement benefit is known is advance but the contributions vary; with a defined contribution plan, the contribution rate is fixed but the retirement benefit varies.
Answer: D
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Answer the following statement true (T) or false (F)
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