A pension plan, an employer’s acknowledgement of financial standing of employee’s account, placing percentage on the basis of annual compensation and interest, regarded as?
Aearly retirement window plan
Bseverance pay plan
Cemployee stock ownership plan
Dcash balance plan
Correct answer
D. cash balance plan
Explanation
cash balance plan is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.