Which of the following describes defined benefit pension plans?
A. The investment risk is borne by the employee.
B. The plans are simple and easy to construct.
C. The investment risk is borne by the employer.
D. Retirement benefits depend on the individual's account balance.
Answer:C
Which of the following describes defined benefit pension plans?
A. The investment risk is borne by the employee. B. The plans are simple and easy to construct. C. The investment risk is borne by the employer. D. Retirement benefits depend on the individual's account balance.