In a Defined Contribution Pension Plan

Multiple Choice

In a defined contribution pension plan,

A) the government pays employees a fixed pension amount upon retirement.
B) the government pays employees a variable pension amount upon retirement.
C) the employer makes annual contributions into a fund belonging to employees and the retirement benefit depends on the amount in the fund at retirement.
D) the employer guarantees the employee a specific amount of retirement pay based on the pay earned during the final years of employment and the numbers of years of service.
E) the SEC pays employees a fixed pension amount upon retirement.