Which type of pension plan with fixed payouts is falling out of use?
A) contributory plan
B) registered retirement savings plan (RRSP)
C) defined-benefit plan
D) defined-contribution plan

Question

Quizplus · Accepted Answer

Defined-benefit plans are falling out of use, as they guarantee fixed payouts to retirees regardless of market performance, leading to high costs for employers. Employers are instead offering defined-contribution plans, in which employees contribute and the payouts are based on the performance of the investments.

Which Type of Pension Plan with Fixed Payouts Is Falling