Description Term This pension plan imposes certain criteria that must be met before the employee can obtain a nonforfeitable right to a pension. This pension plan combines features of both a defined benefit and a defined contribution plan, and is portable if an employee leaves the contributing employer. Based on a formula, it computes the benefits, not contributions, to be paid out This type of plan has the employee and employer makng the total contributions This federal law shores up the financial integrity of private tradtional (defined benefit) plans \begin{tabular}{|c|} \hline \multicolumn{2}{|c|}{ Cash-balance plan } \\ \hline Contributory pension plan \\ \hline Defined benefit plan \\ \hline Defined contribution plan \\ \hline Employee Retirement Income Security Act of 1974 (ERISA) \\ \hline Noncontributory pension plan \\ \hline Pension Protection Act \\ \hline Profit-sharing plans \\ \hline Qualified pension plan \\ Vested rights \\ \hline \end{tabular}