A ________ pension plan allows pension benefits for key employees, such as highly paid managers, to exceed a government-specified share of total pension benefits.

A) top-heavy
B) multiemployer
C) special draw rights
D) deferred
E) defined-contribution

Top-Heavy Pension Plan

Describes a retirement plan in which a disproportionate amount of benefits are allocated to the company's higher-earning employees.

Pension Benefits

Retirement plan contributions made by employers for their employees, providing income upon retirement.

Key Employees

Key Employees are individuals who have a significant impact on the business's operations, usually possessing critical skills, knowledge, or abilities that are hard to replace.