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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The answer is B. Structuralism
This school believes that the mind is divided into three
basic elements, namely: sensations, feelings and images. This idea allows
psychologist to study the interaction between the elements in order to create a
conscious experienced. This will allow the person to associate the elements to
one another and thus create a perception
Simple interest is paid only on the principal borrowed.
I’m not 100% sure, but I think the answer is your third option
