The amount of retirement income that employees would receive upon retirement is specified under a defined benefit plan (APERS). A defined contribution plan merely stipulates how much each party—the employer and the employee—puts into the retirement account of the employee.
<h3>What is the difference between defined benefit and defined contribution plan?</h3>
- For each participant in a defined-benefit pension plan, employers finance and guarantee a certain amount as retirement benefits.
- As the participant defers a percentage of their gross pay, defined-contribution plans are largely supported by the employee. Employers may decide to match the contributions up to a specific level.
- The responsibility of saving and investing for retirement has been put on employees as a result of the switch to defined-contribution plans.
- The 401(k) is the preferred defined-contribution plan (k).
- Companies have a consistent preference for defined-contribution plans over defined-benefit plans.
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Answer:
54d. The Sit-In Movement. Students from across the country came together to form the Student Nonviolent Coordinating Committee (SNCC) and organize sit-ins at counters throughout the South.
Explanation:
A. Temperate
If you've seen fall leaves before, you're in a temperate biome.
Answer:
The indifference curve is a locus of various consumption bundle which provide the same utility level to the consumer. The production possibility frontier is a concept that depicts the maximum amount of two products given the limited amount of resources available
Explanation:
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Answer:
Automatic stabilizers are policies that adjust, as the name implies, automatically, to economic conditions.
An example of an automatic stabilizer is a progressive tax scheme that adjusts rates depending on whether the economy is growing or in recession. If the economy is growing, the tax rates will rise for those who are earning more income, and if the economy is in recession, the tax rates will go down for everyone.
Another example is unemployment benefits. They will increase when the economy is doing poorly and more people are unemployed, and the will decrease in the opposite situation.
The biggest advantage of automatic stabilizers is, as economist Mark Thoma explains, that they do not need to pass through congress to become effective.
