A pension plan that requires the employer to make annual pension contributions, with no promise to employees regarding future pension payments, is termed
A) funded
B) unfunded
C) defined benefit
D) defined contribution

Question

Quizplus · Accepted Answer

A defined contribution plan requires the employer to make annual pension contributions, but does not promise any specific pension benefit to employees. Instead, the ultimate pension benefit is determined by the amount of contributions made and investment returns earned.

A Pension Plan That Requires the Employer to Make Annual