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.
To learn more about defined benefit and defined contribution plan, refer to the following link:
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Answer:
Rejecting-neglecting
Explanation:
Rejecting-neglecting refers to the parenting style that is low on structure and low on love; in this worst-case scenario, parents are missing in action in children's lives.
Explanation:
As nouns the difference between tenant and villein
is that tenant is one who pays a fee (rent) in return for the use of land, buildings, or other property owned by others while villein is (historical) a feudal tenant.
As a verb tenant
is to hold as, or be, a tenant.
The federalist papers were a collection of essays that promoted the ratification of the US Constitution in the 1700s. They were written by <span>Alexander Hamilton, John Jay, and James Madison, all Federalists.
Hope this helps :)</span>
