Question 11 3 pts Jonathan Moore participates in a group retirement plan provided by his employer. Under the terms of the plan, Mr. Moore's employer guarantees Mr. Moore a lifetime monthly income benefit that begins at retirement and obligates itself to fund, in advance, at least a portion of the promised benefit each year. Mr. Moore does not contribute to the plan. From the answer choices below, select the response that correctly describes the type of plan Mr. Moore's employer has established and the benefht formula used to calculate the employer's financial obligation to plan participants. Type of plan Benefit formula O savings plan defined contribution formula O pension plan defined benefit formula O savings plan defined benefit formula O pension plan defined contribution formula Question 11 3 pts Jonathan Moore participates in a group retirement plan provided by his employer. Under the terms of the plan, Mr. Moore's employer guarantees Mr. Moore a lifetime monthly income benefit that begins at retirement and obligates itself to fund, in advance, at least a portion of the promised benefit each year. Mr. Moore does not contribute to the plan. From the answer choices below, select the response that correctly describes the type of plan Mr. Moore's employer has established and the benefht formula used to calculate the employer's financial obligation to plan participants. Type of plan Benefit formula O savings plan defined contribution formula O pension plan defined benefit formula O savings plan defined benefit formula O pension plan defined contribution formula