What is the type of pension plan that specifies what contribution the employer will make to a retirement or savings fund set up for the employee called?

Question

Quizplus · Accepted Answer

A defined contribution pension plan specifies what contribution the employer will make to a retirement or savings fund set up for the employee. The amount of retirement income an employee will receive depends on the amount contributed to the plan and the performance of the investments within the plan.

What Is the Type of Pension Plan That Specifies What