Today most employees receive retirement benefits in the form of ________.

Question

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Defined contribution plans, such as 401(k) plans, have become the most common form of retirement benefits provided by employers. These plans allow employees to contribute a portion of their salary to their retirement account, and employers may also contribute by matching a portion of the employee's contribution. The amount an employee receives at retirement depends on how much was contributed and the investment returns earned on the contributions.

Today Most Employees Receive Retirement Benefits in the Form of ________