If the employer alone contributes money to an employee's retirement account based on a formula using their years of service and income this is known as a/an:

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This is a defined benefit pension plan, which is a type of retirement plan where the employer alone contributes money to an employee's retirement account based on a formula using their years of service and income. The employee does not contribute to the plan.

If the Employer Alone Contributes Money to an Employee's Retirement