A plan in which the employer's contribution to employees' retirement savings funds is specified is known as a ________.

Question

Quizplus · Accepted Answer

D)Defined contribution pension plans specify what contribution the employee and/or employer will make to the employee's retirement or savings fund. With defined benefit pension plans, employees know ahead of time the pension benefits they will receive (the benefit is "defined" or specified by amount or formula).

A Plan in Which the Employer's Contribution to Employees' Retirement