Question
Which of the following is a feature of a defined
contribution pension plan? 1) Guaranteed payout at retirement 2) Employee bears the investment risk 3) Contributions are fixed in it.Solution
A defined contribution pension plan is a type of retirement plan in which the contributions are fixed, but the eventual payout is not. The contributions are invested and the eventual payout depends on the performance of the investments. Therefore, the employer does not guarantee a payout at retirement and the investment risk is borne by the employee. This is in contrast to a defined benefit pension plan, in which the employer guarantees a certain payout at retirement regardless of the performance of the investments.
The thirty-first meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, will be held from?
’आराम हराम है ’ नारा किसने दिया था ?
Which state received the GI tag for Rasabali Sweets of Kendrapada?
In which state of India is the Shettihalli Wildlife Sanctuary located?
FCCB can be accessed under two routes – automatic route and approval route.
The ______ Schedule to the Constitution of India defines and specifies allocation of powers and functions between Union & States.
The Parmanand Katara Vs Union Of India (1989) case is associated with which of the following?
What is the Paik Strait?
When is the United Nations’ World Cities Day observed?
Name the lake in front of the Amber Fort?
