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This question belongs to Commerce Insurance

Insurance

?

Defined Contribution scheme is also known as –

A) Pension purchase scheme B) Postpone and purchase scheme C) Switch and purchase scheme D) Money purchase scheme

Answer & Solution

Correct Answer: Option D

Defined contribution (DC) schemes are occupational pension schemes where your own contributions and your employer's contributions are both invested and the proceeds used to buy a pension and/or other benefits at retirement.

Question posted by Examveda

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