Which of the following best describes a "defined benefit plan"?
A) High returns in the pension plan result in higher benefit payments to the employees in the future.
B) A pension plan that specifies how much funds the employee needs to contribute.
C) A plan that requires the employer to contribute $10 per hour worked by an employee.
D) A plan that specifies how much in pension payments employees will receive in their retirement.
Correct Answer:
Verified
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