The ceiling test in defined benefit plans: a) Limits the surplus that can be recognized b) Sets minimum contribution levels c) Determines maximum benefits d) Establishes funding requirements
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- Explain the difference between defined-benefit and defined-contribution plans?What is the difference between a contribution- and a benefit-orientedretirement plan?State how each of the characteristics apply to large deductible plans. A. Degree of loss sensitivity B. Cash flow possibilities C. Plan flexibility
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