Which of the following is a kind of retirement program where an employee is promised a pension amount based on age and service?

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Quizplus · Accepted Answer

A defined-benefit plan is a retirement program where an employee is promised a pension amount based on age and service. Group RRSP, deferred profit-sharing plan, and deferred-contribution plan are all retirement savings programs that do not provide a guaranteed pension amount based on age and service.

Which of the Following Is a Kind of Retirement Program