In TynsCorp's pension plan, the amount that an employee is to receive upon retirement is set in advance based on the employee's years of service, average earnings, and age at retirement. This is a

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The plan described is a defined-benefit plan, where the amount of the retirement benefit is predetermined based on factors such as years of service and average earnings. Contributory and noncontributory refer to whether the employee contributes part of their own earnings to the pension plan or not, which is not mentioned in the description. A defined-contribution plan, on the other hand, specifies a contribution rate or amount from both the employee and employer but does not guarantee a specific benefit amount at retirement.

In TynsCorp's Pension Plan, the Amount That an Employee Is