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Which retirement plan specifies the benefits you'll receive at retirement age based on your total earning and years on the job

Sagot :

ayfat23

Answer:

A. Defined benefit plan.

Explanation:

These are options for the question

A. Defined benefit plan.

B. Money-purchase plan.

C. Defined contribution plan.

D. Profit-sharing plan.

E. 401(k) plan.

Defined benefit plan can be regarded as a plan that pledge specified monthly benefit for an employee after retirement. It may use a plan formula for the benefits the formula could be drawn from the employee salary as well as service. It should be noted that the retirement plan that specifies the benefits you'll receive at retirement age based on your total earning and years on the job is Defined benefit plan

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