In a contributory pension plan, which of the following pays the money for pension benefits?

Question

Quizplus · Accepted Answer

In a contributory pension plan, both the employees and the employer contribute money towards the pension benefits. The employees typically make pre-tax deductions from their pay, while the employer also contributes a portion of the employee’s salary towards the pension plan. Therefore, in a contributory pension plan, both the employees and the employer pay for pension benefits.

In a Contributory Pension Plan, Which of the Following Pays