What is the main difference between a defined-benefit plan and a defined- contribution plan?
O A. A defined-benefit plan earns compound interest, while a defined-
contribution plan earns simple interest.
O B. A defined-benefit plan guarantees a specific retirement benefit,
while a defined-contribution plan does not.
O C. A defined-benefit plan offers tax deferment, while a defined-
contribution plan does not.
O D. A defined benefit plan is funded by individuals, while a defined-
contribution plan is funded by employers.