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:
the northern and southern hemispheres always experience opposite seasons. This is because during summer or winter, one part of the planet is more directly exposed to the rays of the Sun than the other, and this exposure alternates as the Earth revolves in its orbit
Explanation:
Are looking for an easy dieting way. This usually doesn't work. A better way is to keep a balanced diet and exercise frequently. Hope this helps!!!
The correct answer for both blanks is "higher". People with higher intellect and higher religious engagement has a high chance of sexual abstinence than those who have lower IQs and religious engagements, since they have less self-control and discipline among themselves.
Answer:
a. The farmer plays a bigger role in the landscape than Icarus.
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