Your company pays retirement benefits to current retirees out of current earnings,on a pay-as-you-go basis.This is an example of a(n)

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Pay-as-you-go retirement benefits are typically paid out of current earnings, meaning there is no set aside pool of funds to cover future retirement benefit obligations. This is known as an unfunded pension plan. Option B, a funded pension plan, would involve setting aside funds in a pension trust to cover future retirement benefit obligations. Option C, a cash balance plan, is a specific type of funded pension plan. Therefore, the best choice is A - unfunded pension plan.

Your Company Pays Retirement Benefits to Current Retirees Out of Current