The reasons for PSO to switch from DB to DC Scheme are:
- It has gold standard for pensions.
- They are more secure.
- More generous than DC pensions and pay an income that increases along with inflation.
<h3>What are the reasons for a shift?</h3>
The movement from defined benefit (DB) to defined contribution (DC) pension plans is known to be one that has made workers to decide or make choices that may affect their financial resources in terms of retirement.
Therefore, DC Scheme is more of a benefit to the employees that the company as it tends to lower an employee's taxable income.
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Last year's goods and services.
Answer
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Explanation
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<span>The incentive for the employees in this scenario is the money. It is because the employees refuses to work overtime because of the fact that they are not going to receive anything from the company and after the managers decided to pay the staff with the bonus, every hour that they stayed up late, they started to work and complete the required job that is needed to be done, with that, the bonus given is money, which means the money is the incentive being provided to its staff.</span>
