In a non-contributory, defined benefit pension plan, the plan assets are composed of the employer's cumulative contributions less cumulative pension benefits paid from the fund.

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In a non-contributory, defined benefit pension plan, the plan assets include not only the employer's contributions but also investment earnings on those contributions. The assets are not reduced by the pension benefits paid; rather, the plan's liabilities include the obligation to pay these benefits.

In a Non-Contributory, Defined Benefit Pension Plan, the Plan Assets