INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-A defined [contribution | benefit] retirement plan would usually be better for an older worker who has been employed for a long time with the same employer.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-A defined [contribution | benefit] retirement plan would usually be better for an older worker who has been employed for a long time with the same employer.

Quizplus · Accepted Answer

A defined benefit retirement plan would usually be better for an older worker who has been employed for a long time with the same employer because it typically provides a guaranteed payout based on salary and years of service, which can be more beneficial than a defined contribution plan that depends on investment performance.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which