A Defined Contribution Pension Plan Is One in Which the Employer

A defined contribution pension plan is one in which the employer agrees to which of the following?

A) The employer agrees to make specific payments to a specified pension plan with no guarantee of a specific pension amount to be paid to the employee.
B) The employer agrees to make specific payments to a specified pension plan AND guarantees that the employee will receive a specified pension (usually determined by length of service and salary) .
C) The employer agrees to make necessary payments to a specified pension plan that guarantees that the employee will receive a specified pension (usually determined by length of service and salary) .
D) The employer agrees to pay a specified amount (usually determined by length of service and salary) to the employee, but the employer makes no specific guarantee to make payments to the specified pension plan.