With which of the following plans will you be able to most accurately predict in advance your retirement income?

Question

Quizplus · Accepted Answer

A Defined-benefit plan is a pension plan where the employer guarantees a specific retirement benefit payout to the employee based on years of service, salary, and other factors. This allows for the most accurate prediction of retirement income as the benefit payout is predefined and not influenced by investment returns or individual contributions.

With Which of the Following Plans Will You Be Able