Which is a type of Occupational pension?

Which is a type of Occupational pension? Correct Answer Both A & B

Defined Benefit type and Defined contribution type is a type of Occupational pension.
A defined benefit pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum (or combination thereof) on retirement that is predetermined by a formula based on the employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.
Defined contribution (DC) schemes are occupational pension schemes where your own contributions and your employer's contributions are both invested and the proceeds used to buy a pension and/or other benefits at retirement.
Bissoy MCQ

Related Questions

Which type of Occupational pension has fallen into trouble in recent times:
A pension scheme in which the employer manages fund through a trust and pays pension thro purchase of an annuity from a life insurance company is called
In a Personal pension scheme, who pays Pension to whom?
One of the reasons for India's occupational structure remaining more or less the same over the years has been that
Who provides Occupational pensions?
In a sample of 50 people, 19 had type O blood, 22 had type A blood, 7 had type B blood and 2 had type AB blood. If a person is selected randomly, find the probability that the person has neither type A nor type O blood?
A pension scheme in which the funds are managed by the insurance company is called –
Which is not a pension related contingency?
Over six million citizens of the United State of America collect benefits from private pension plans each year.
Over six million citizen of the United States collect benifits from private pension plans each year.