Pension plan in which benefits of pension is paid in by both parties

involved, such as employers and employees is classified as

A. non-discretionary plan
B. discretionary plan

C. contributory plan

D. non-contributory plan

Type of pension plan in which all benefits of pension are provided by

employer of organization is classified as

A. contributory plan
B. non-contributory plan

C. non-discretionary plan

D. discretionary plan

In pension plans for employees, special account through which funds are
remained nontaxable until employee retires is classified as

A. Keogh retirement account

B. vesting account

C. portability account

D. individual retirement account

Kind of benefit plan in which employee is promised to get a pension

amount based on service and age of employee is classified as

A. contributory plan
B. defined benefit plan

C. defined contribution plan

D. noncontributory plan
Kind of benefit plan in which annual payment of pension is made to
employee's pension account is classified as

A. defined contribution plan

B. noncontributory plan

C. contributory plan

D. defined benefit plan