Which plan provides compensation to employees after they retire?

The correct answer is the Deferred Compensation Plan because this type of plan is specifically designed to provide employees with income after they retire, typically by deferring a portion of their earnings to a future date, often aligning with retirement. This allows individuals to receive compensation that they can use during their retirement years. Such plans are beneficial for employees as they can neglect immediate tax implications and have the potential to receive funds later when they are likely to be in a lower tax bracket.

In contrast, Key-Person Insurance is focused on providing financial protection for a business in the event of the loss of a key individual, rather than offering benefits to employees after retirement. Term Life Insurance provides a death benefit for a specified period and does not contribute to retirement income directly. A Buy-Sell Plan is related to the ownership transfer of a business entity and does not provide post-retirement compensation for individual employees.