A Retirement Plan in Which the Employer Develops a Program

question 7

Multiple Choice

A retirement plan in which the employer develops a program that identifies how much a retiring employee will receive each month for the remainder of his or her life.

• A)payout plan
• B)individual account plan
• C)defined benefit plan
• D)defined contribution plan

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Definitions:

African American

An ethnic group in the United States with total or partial ancestry from any of the black racial groups of Africa.

Mexican American

A demographic group in the United States characterized by individuals of Mexican heritage, encompassing a rich cultural and historical identity.

Canadian Aboriginal

A term referring to the indigenous peoples of Canada, including First Nations, Inuit, and Métis communities.

Cardiovascular

Pertaining to the heart and blood vessels, often relating to the overall health and functioning of the circulatory system.