Which of the following is a company pension plan that guarantees a certain benefit to retirees regardless of market conditions?

Question

Quizplus · Accepted Answer

A defined benefit plan guarantees a certain benefit to retirees regardless of market conditions, while a defined contribution plan and a money purchase plan do not guarantee a specific benefit amount. The Canada Pension Plan is a government-run pension plan that provides a monthly payment to eligible residents of Canada, but it is not offered by a company.

Which of the Following Is a Company Pension Plan That