Defined Benefits (DB)Plans Are Benefit Plans Whose Benefits Are Determined

Defined Benefits (DB) Plans are benefit plans whose benefits are determined by:

A) a formula based on age and length of service,with the employer assuming responsibility for funding.
B) amounts contributed by the employer and the employee,the final pension depending on amounts contributed,investment income and economical conditions at retirement.
C) a formula based on the amount contributed by the employer and employee,as well as the employees age,length of service and economic conditions at retirement.
D) solely the number of years of service of the employee.
E) similar to RRSPs where employees can directly manage their pension funds.