A pension plan provides for future retirement income based on the employee's income and length of service with the company.This type of pension plan is termed a

A) contributory plan
B) defined contribution plan
C) noncontributory plan
D) defined benefit plan

A defined benefit plan is a pension plan that provides retirement income based on a specific formula that takes into account an employee's salary and length of service with the company. The employer is responsible for contributing to the plan and managing the investments, and the employee typically does not contribute to the plan.