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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B) It did not affect the english and british economy
<h3>Answer:</h3><h2>Federalists </h2><h3>Explanation:</h3>
Federalist believed in strong central government, and they were largely uphold-ed by the common man i.e. farmers, laborers, shopkeepers. Federalists considered a great republic would fully preserve individual liberties.
I took the test and chose the one before me, which is wrong. The correct answer is; The layers were originally horizontal.
