A ______________ pension plan does not promise a specific benefit level for employees upon retirement.Rather,an individual account is set up for each employee to which the employer provides a guaranteed size of contribution.

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A defined-contribution pension plan does not promise a specific benefit level for employees upon retirement. Instead, an individual account is set up for each employee to which the employer provides a guaranteed size of contribution. The benefit at retirement depends on the performance of the investments within the account.

A ______________ Pension Plan Does Not Promise a Specific Benefit