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Which of the following statements is true about pension funds?
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The Options are:A. pension benefits to be received by the employee during retirement are defined in the plan. B. Defined contribution plans the more complex issues relating to the accounting of defined benefit plans. C. the Defined contribution plans do not define the benefits that must be paid to the retired employees. D. Employers that use defined contribution plans are assuming more risks than employers that use defined benefit plans.The correct answer is:C. Defined contribution plans do not define the benefits that must be paid to the retired employees.