A ________ is defined by the fact that your employer provides all the funds for the retirement plan,without any contribution from you.

Question

Quizplus · Accepted Answer

A noncontributory retirement plan is a retirement plan in which the employer funds the plan entirely without any contribution from the employee. The defined-benefit plan is a retirement plan in which the employer provides a guaranteed benefit to the employee upon retirement, based on a formula that typically takes into account the employee's salary and years of service. A contributory retirement plan is a retirement plan in which both the employer and the employee contribute to the plan. Portable refers to a retirement plan that can be transferred from one employer to another.

A ________ Is Defined by the Fact That Your Employer