Many older companies have changed from a defined-benefit plan to a(n)________,which is a retirement plan where workers are credited with a percentage of their pay each year,plus a predetermined rate of interest.

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The description matches that of a cash balance plan, which is a popular alternative to traditional defined benefit plans. It offers portability and flexibility, and provides the opportunity for employees to plan investment and retirement income. The other options- funded pension plan, unfunded pension plan, and percentage plus inflation plan - do not match the given description.

Many Older Companies Have Changed from a Defined-Benefit Plan to A(n)________,which