A pension plan:
A)Is a contractual agreement between an employer and its employees in which the employer provides benefits to employees after they retire.
B)Can be underfunded if the plan assets are more than the accumulated benefit obligation.
C)Is always funded fully by employers.
D)Can be a defined benefit plan or an undefined benefit plan.
E)Is the same as Other Postretirement Benefits.

Question

Quizplus · Accepted Answer

A pension plan is a contractual agreement where an employer provides retirement benefits to employees.

A Pension Plan