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 southern states!
Please give me brainliest. :)
Answer:
C
Explanation:
The NRLA, which is the National Labor Relations Act, was enacted in 1935 in a bid to protect the rights of workers and their employers, to encourage negotiation between employers and a group of employees with the aim of agreeing to regulation of working salaries, working conditions, benefits and other aspects worker rights. Since Sally was working under this Act, she is protected by the law.
The answer is C.) the capitalist economy is controlled by the state for the benefit of the poor
