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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