The kind of benefit plan in which the annual payment of pension is made to employee's pension account is classified as Options: A . &nbspdefined contribution plan B . &nbspnoncontributory plan C . &nbspcontributory plan D . &nbspdefined benefit plan

The kind of benefit plan in which the annual payment of pension is made to emplo

Question

The kind of benefit plan in which the annual payment of pension is made to employee's pension account is classified as

Options:

A . defined contribution plan

B . noncontributory plan

C . contributory plan

D . defined benefit plan

Answer: Option A
Answer: (a).defined contribution plan

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