A ______ provides the retiree with a specific amount and type of benefits that will be available when the individual retires.
A) defined benefit plan
B) undefined benefit plan
C) defined contribution plan
D) undefined contribution plan

Question

Quizplus · Accepted Answer

A defined benefit plan provides a specific amount and type of benefits that will be available when the individual retires. The other options, undefined benefit plan, defined contribution plan, and undefined contribution plan do not provide a specific amount and type of benefits.

A ______ Provides the Retiree with a Specific Amount and Type