What is the basic contingency associated with pensions?
A
Mortality
B
Morbidity
C
Post-retirement income security
D
Disability
Correct Answer: Post-retirement income security
Post-retirement income security is the basic contingency associated with pensions. A pension plan is a good way to secure your financial stability post-retirement. These pension plans which are maintained by the employers protect you from any uncertainty that may come unannounced post your retirement.