Solved

A Type of Pension Plan That Contains a Formula for Determining

Question 43

Multiple Choice

A type of pension plan that contains a formula for determining retirement benefits so that the actual benefits to be received are defined ahead of time is called a


A) money purchase pension plan.
B) defined contribution pension plan.
C) defined benefit pension plan.
D) deferred profit-sharing plan.
E) retirement plan.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions