Multiple Choice
Why have many companies switched from traditional defined-benefits plans to cash-balance plans?
A) They want to shower their employees with money.
B) Regulatory reform made it necessary.
C) They save money with them as a result of reduced future benefits for older workers.
D) All of the above are correct.
E) Only B and C are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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