In one type of retirement plan, the employer makes an annual payment to an employee's pension account. Which of the following types is it?

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The type of retirement plan where the employer makes an annual payment to an employee's pension account is a defined contribution plan. In this plan, the employer contributes a set amount or percentage of the employee's salary to the retirement account every year. The employee can also make their own contributions to the account. The amount an employee will receive upon retirement depends on the performance of the investments in the account.

In One Type of Retirement Plan, the Employer Makes an Annual