I am offered by life insurance companies and financial firms. The customer pays periodic premiums or a lump sum in return for a payment each year upon retirement. Who am I?

	a.	a defined contribution plan
	b.	a defined benefit plan
	c.	an annuity
	d.	Social Security
	e.	long-term care insruance

IRAs and 401(k) plans are examples of

	a.	pension plans administered by the federal government.
	b.	pension plans administered by different state governments.
	c.	pension plans administered by the FDIC.
	d.	defined benefit pension plans.
	e.	defined contribution pension plans.

Defined contribution plans are employer-based pension plans

	a.	with promised monthly payments upon retirement for a fixed number of years.
	b.	with promised monthly payments upon retirement for the rest of the worker's life.
	c.	consisting of an individualized fund with the worker and possibly the employer contributing to it over time.
	d.	consisting of matching employee and employer funds paid to the government for existing retired people.
	e.	consisting of funds deposited in an identified bank account.