What is a plan where an employer guarantees a certain amount of money to the worker based on the number of years of service upon retirement?

A) Defined contribution plan
B)401K
C) Pension
D) IRA

Question

What is a plan where an employer guarantees a certain amount of money to the worker based on the number of years of service upon retirement?

A) Defined contribution plan
B)401K
C) Pension
D) IRA

IAmHer · Answer

I'm not sure..but I do know that a pension has something to do with money.

TheWraith2021 · Answer

I don't want to give the full answer away but I think you should focus your attention on A and B.

IAmHer · Answer

Ik its not pension. I was just saying I know what that is, So I had something to go off of. Based off of A and B, A makes more sense because B is just a amount of money.

IAmHer · Answer

I'ma say A.

IAmHer · Answer

okay...It was neither...as I said, Pension...but neither of us knew so.