Question: Connor has worked for the same corporation for 35 years. When he retires, he will receive an annual pension. The amount of his benefit will
Connor has worked for the same corporation for 35 years. When he retires, he will receive an annual pension. The amount of his benefit will be based on the number of years he worked for the company, his age, and the history of his earnings with the company. Connor participates in which of the following type of employer sponsored retirement plan?
A) 401(k) plan
B)403(b) plan
C)Defined benefit plan
D) Defined contribution pan
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