Question

A general guideline for the amount that is withheld for contribution to an employee's pension fund is _____.

Answer 1

A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit. The pool of funds is invested on the employee's behalf, and the earnings on the investments generate income to the worker.

A general guideline for the amount that is withheld for contribution to an employee's pension fund is 6.5 %. 

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