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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 ratio of the present ages of Ginni and Binni is 12:5 respectively. Ginni is ‘n’ years older than Binni. If after 6 years, the ratio of the ages ...
The present age of Priya’s father is five years more than four times Priya's present age. If Priya's mother is nine years younger than her father and ...
Currently, the average age of Sam, Sarah, and Seth is 32 years, whereas the average age of Sam and Sarah is 36 years. Calculate the age of Sarah after e...
The sum of the present ages of a father and his daughter is 80 years. Eight years ago, the father’s age was seven times the age of his daughter. Eight...
The ratio of the present ages of Ram and Ramesh is 3 : 5. After 7 years the ratio of their ages will be 4 : 5. Find the present age of Ramesh.
The average age of the husband, wife, and their child 4 years ago was 24 years and that of the husband and the child 5 years ago was 19 years. The pres...
The average age of three children in a family is 25% of the average of the age of father and the eldest child. The total age of the mother and the young...
Five years ago from now, the ages of 'A' and 'B' were in the ratio 31:17, respectively. Fifteen years ago from now, the ages of 'A' and 'B' were in the ...
The ratio of the present ages of P and Q is 8:5 respectively. If the age of P 10 years hence from now will be 100% more than the age of Q 4 years ago fr...