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A Pension plan be either a defined benefit plan or a defined contribution plan. · A defined benefit plan is one which gives guaranteed retirement benefits irrespective of the returns generated by the pension fund. This is type of pension plan is usually funded by employers for its employees with retirement pay-outs as per a set formula based on salary, employees age, tenure of service. As such, here the amount of pension on retirement is already known. · A defined contribution plan is one in which the pension depends on the contributions made and the return generated on the investment made of those contributions. In this plan, the contribution made for the pension fund is defined or fixed. For example NPS or EPF where a fixed amount is contributed every month from the salary.
Which of the following is correct relating to the licensing of the banking companies?
Under the Information technology Act, 2000, what is the use of the Public Key?
Two or more persons are said to consent_______________
Opinion on relationship:
Which of the following is an objective of PMLA?
Under the Commercial Courts Act under what condition would a suit or application not be transferred to a Commercial Division or Commercial Court?
In the case of Supreme Court Advocates on-Record Association and another Vs Union of India which of the following amendment to the constituti...
Where is the Secretariat of Codex Alimentarius Commission located?
The RTI Act is applicable to which of the following ___________
What does contract of guarantee means?