In a _____ Plan, an Employer Agrees to Provide a Specific

Multiple Choice

In a _____ plan, an employer agrees to provide a specific level of retirement pension, which is expressed as either a fixed dollar or a percentage-of-earnings amount that may vary (increase) with years of seniority in the company.

A) defined benefit
B) noncontributory benefit
C) 401(k)
D) shared benefit