Which of the following are the three main types of retirement programs that companies can offer? (Income Protection Programs)

Question

Quizplus · Accepted Answer

The three main types of retirement programs that companies can offer are defined contribution plans, defined benefits plans, and hybrid plans. Employee-financed plans are a sub-type of defined contribution plans and are not considered one of the three main types. Therefore, option A and C are incorrect. Option B includes only two of the three main types (defined contribution plans and employee-financed plans) and is, therefore, incomplete. Thus, option D is the correct answer.

Which of the Following Are the Three Main Types of Retirement