Who provides Occupational pensions?

The correct answer is: B. Employers

Occupational pensions are a type of retirement plan that is provided by employers. They are funded by contributions from both the employer and the employee, and they are designed to provide a source of income in retirement.

Insurance companies can also provide occupational pensions, but this is less common. Individuals can also purchase occupational pensions, but this is also less common. The state does not provide occupational pensions.

Here is a brief explanation of each option:

• A. Insurance companies can provide occupational pensions. However, this is less common than employers providing occupational pensions. Insurance companies typically charge higher fees than employers, and they may not offer the same level of flexibility or customization as employer-provided plans.
• B. Employers are the most common providers of occupational pensions. They typically offer a range of different plans to choose from, and they may also offer matching contributions. This can make occupational pensions a very attractive option for employees.
• C. Individuals can also purchase occupational pensions. However, this is less common than employers or insurance companies providing occupational pensions. Individuals typically have to pay higher fees than employers or insurance companies, and they may not have the same level of flexibility or customization as employer-provided plans.
• D. The state does not provide occupational pensions. However, the state may provide other types of retirement benefits, such as Social Security.