In one type of pension plan, all the funds for pension benefits are provided by the employer. Which of the following terms applies to this type of plan?

Name: In one type of pension plan, all the funds for pension benefits are provided by the employer. Which of the following terms applies to this type of plan?
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Question

Quizplus · Accepted Answer

This type of plan is called a non-contributory plan because the employee does not contribute any funds towards their pension benefits. The employer is responsible for providing all the funds.

In One Type of Pension Plan, All the Funds for Pension