A pension plan that is required to pay out only the amount that has been accumulated for each employee is a ________?

Name: A pension plan that is required to pay out only the amount that has been accumulated for each employee is a ________?
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Question

Quizplus · Accepted Answer

A defined contribution plan provides an individual retirement account for each participating employee and no obligation exists for pension benefits beyond what has been accumulated in each individual's account.

A Pension Plan That Is Required to Pay Out Only