What is the term used to describe how much an employee can expect to earn in retirement,based on a formula that takes into account one's years of service and highest salary?

Question

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The term used to describe how much an employee can expect to earn in retirement based on a formula that takes into account one's years of service and highest salary is a defined benefit pension plan. Option A, employer pension plan, is too broad and can refer to any type of pension plan offered by an employer. Option C, defined occupational pension, is not a commonly used term. Option D, employer contribution pension plan, refers to a type of pension plan where the employer contributes a set amount of money to the employee's retirement account, but does not guarantee a specific retirement benefit amount based on years of service and highest salary.

What Is the Term Used to Describe How Much an Employee