Define Contribution Pension Plans.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Define Contribution Pension Plans.

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Pension plan:

 

This is the plan devised by corporations to pay the employees a kind of compensation after their retirement, in the form of pension, and other post-retirement benefits.

 

 

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