Which of the following provides a fixed sum when employees reach a predetermined retirement age or can no longer work due to disability?

Question

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A pension plan provides a fixed sum when employees reach a predetermined retirement age or can no longer work due to disability. A 401(k) plan is a retirement savings plan in which an employee contributes a percentage of their salary to invest in various funds, and the final amount they receive depends on the performance of these investments. Workers' compensation provides benefits to employees who are injured or become ill due to work-related situations, while Social Security provides retirement, disability, and survivor benefits to eligible individuals. Group life insurance provides a death benefit to the beneficiary of the policyholder.

Which of the Following Provides a Fixed Sum When Employees