What is the basic contingency associated with pensions?

A. Mortality

B. Morbidity

C. Post-retirement income security

D. Disability

Answer: Option C

Solution(By Examveda Team)

Post-retirement income security is the basic contingency associated with pensions. A pension plan is a good way to secure your financial stability post-retirement. These pension plans which are maintained by the employers protect you from any uncertainty that may come unannounced post your retirement.