Some employers promise to contribute a certain amount to the pension plan each period for each employee, usually based on an employee's salary, without specifying the benefits the employee will receive during retirement.The amounts employees eventually receive depend on the investment performance of the pension plan.Such plans are referred to as

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The description matches that of a defined contribution pension plan, where the employer contributes a set amount but the eventual benefits depend on the performance of investments in the plan. Option A, defined benefit pension plans, involve a specified benefit amount for employees regardless of investment performance. Options C, D, and E refer to different types of plans focused on deferred compensation, education savings, and individual retirement savings, respectively, and are not applicable to the given scenario.

Some Employers Promise to Contribute a Certain Amount to the Pension