Most pension plans are now viewed as providing deferred income that employees accumulate during their working life and that belongs to them after a specified number of years of service. What view is this based on?

Question

Quizplus · Accepted Answer

This view is based on an earnings philosophy, where the pension is considered part of the compensation that an employee earns over their working life, rather than a gift or reward from the employer.

Most Pension Plans Are Now Viewed as Providing Deferred Income