The kind of pension plan in which employer's contribution is specified in employee's retirement savings funds is classified as Options: A . &nbspdefined benefit pension plan B . &nbspdefined contribution pension plan C . &nbspdefined noncontributory pension plan D . &nbspdeferred contribution pension plan

The kind of pension plan in which employer's contribution is specified in em

Question

The kind of pension plan in which employer's contribution is specified in employee's retirement savings funds is classified as

Options:

A . defined benefit pension plan

B . defined contribution pension plan

C . defined noncontributory pension plan

D . deferred contribution pension plan

Answer: Option B
Answer: (b).defined contribution pension plan

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