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c. Pension funds protect individuals and families against loss of income. With the abovementioned statement,...

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c. Pension funds protect individuals and families against loss of income. With the abovementioned statement, answer the following questions: i. What is the principal function of pension funds? (4 marks) ii. What is the difference between a "defined benefit" and a "defined contribution" pension plan? (8 marks) iii. Which plan is implemented in Malaysia and discuss TWO (2) advantages of the plan. (6 marks) c. Pension funds protect individuals and families against loss of income. With the abovementioned statement, answer the following questions: i. What is the principal function of pension funds? (4 marks) ii. What is the difference between a "defined benefit" and a "defined contribution" pension plan? (8 marks) iii. Which plan is implemented in Malaysia and discuss TWO (2) advantages of the plan. (6 marks)

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