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 amount of one currency that can be traded for a unit of another currency is the exchange rate.
-Many exchange rates float, or constantly change.
-It is best to travel abroad when the exchange rate gets you more units of a foreign currency.
Explanation:
The exchange rate is how much your currency is worth by comparison to a different currency. Those values are affected by local and international markets, government, and other things, so it's cheaper for you to travel when you can buy other currency when the value of that coin is lower. This makes you able to spend more there for much less money.
Answer:
Gave great power to the emperor.
Explanation:
I believe the answer is: A.frontal
Frontal lobe of our brain is responsible in controlling our impulse and behaviour. Damage in frontal lobe could make us unable to fulfill those functions properly. This might lead to us experiencing a 180 degree change in personality (from meek to aggressive and vice versa)
<u>Answer:</u>
Since much of the Middle East is desert, most population centres are along river system.
<u>Explanation:</u>
- The characteristics of the Middle East of the presence of negligible vegetation and the existence of barren sandy lands tends to make it a dry and hot desert with a large expanse.
- As the Middle East faces the greatest scarcity of water than any other part of the world, the populations here prefer settling down only in close proximity to rivers.
