Question: RST ' s pension plan does not guarantee a specific amount during retirement. Instead, the company funds $ 8 , 0 0 0 each year

RST's pension plan does not guarantee a specific amount during retirement. Instead, the company funds $8,000 each year for 5 each employee who has worked for the company for at least 10 years. The pension plan is characterized as:
contributory
defined benefit
defined contribution
cannot determine without seeing the benefit formula.
RST ' s pension plan does not guarantee a

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