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L1 42 Portfolio Management: An Overview > c describe defined contribution and defined benefit pension plans; > Flashcards

c describe defined contribution and defined benefit pension plans; Flashcards

1
Q

Defined Benefit

A

Pension: Company bears investment risk (Biggest liability a firm has)

Do well: Surplus
Do bad: Cover your loss

Final Salary(.N)(Yrs service)

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2
Q

Defined Contribution

A

401 (K): Employee bears risk

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L1 42 Portfolio Management: An Overview (6 decks)

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