Contribution Plans Over Defined Benefit Plans Questions

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ybiryl25

Business Finance

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Are employees more likely to favor defined contribution plans over defined benefit plans? How about employers? Explain your answer. 250 words please with three schoraly references in APA format


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Benefit plan refers to a given worker plan that guarantees him or her a specific amount of
money in future after he or she has retired (Budd, 2017). On the other hand, contribution plan
refers to a plan where an employee is not guaranteed any specific amount of money in case he or
she retires. Employers prefer contribution plan because funding is lower than fun...

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