Under the provisions of a typical defined benefit pension plan, the employer is responsible for ________.

A) investing in conservative fixed-income assets
B) paying benefits to retired employees
C) counseling employees in the selection of asset classes
D) paying employees the market rate of return on employee contributions

Defined Benefit Pension Plan

A retirement plan where an employer promises a specified pension payment upon retirement, based on the employee's earnings history, tenure of service, and age.

Retired Employees

Individuals who have ended their professional career and are no longer working, often receiving pensions or living off retirement savings.

Employer Responsibility

The obligations and duties of an employer towards their employees, which can include providing a safe working environment and fair pay.