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A Pension plan be either a defined benefit plan or a defined contribution plan. A defined Benefit plan is commonly referred to as a pension plan 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. And the risk of investment and planning is with the employer.
How many tribal students annually are targeted to benefit from the Shahid Madho Singh Haath Kharcha Yojana in Odisha?
According to the "Annual Groundwater Quality Report 2024," what was the total annual groundwater recharge in 2024?
Under which scheme are 3 crore additional rural and urban houses being provided to boost 'Ease of Living' and dignity for crores of Indians?
What milestone did India achieve in 2024 regarding remittances, as per the World Bank?
The new Nifty India Municipal Bond Index _____ municipal bonds issued by 10 issuers all having credit rating in the AA category.
Which Indian bank partnered with NHPC Renewable Energy Limited to solarize government buildings?
What is the government’s target for the number of GI tags by 2030?
Which international body will India chair for the first time in 2024-25?
Which of the following statements is/are correct regarding India's retail digital payment and e-commerce market?
What is the key objective of the "BhashaNet" initiative launched by the Indian government?