Which of the following pension plans enables an employee to estimate what his or her pension payment would be upon retirement?
A)A Keogh plan
B)A profit-sharing plan
C)A defined benefit plan
D)A defined contribution plan
E)A 401(k)plan

Question

Quizplus · Accepted Answer

A defined benefit plan provides a specific benefit to employees upon retirement, based on a formula typically using factors such as years of service and salary history. This allows employees to estimate what their pension payment would be upon retirement. The other options listed do not offer this feature.

Which of the Following Pension Plans Enables an Employee to Estimate