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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.
Which Indian state government declared the Gupteswar forest as its fourth Biodiversity Heritage Site (BHS)?
Which country did India sign a protocol with to establish the Joint Economic and Trade Committee (JETCO)?
Who is the first female Chief Secretary of Maharashtra?
India has taken over the stock market capitalization of which country for the first time with the combined value of shares listed on Indian exchanges re...
LEO1, an edu-fintech startup has introduced prepaid ID cards for students and educational institutions that is supported by MasterCard which is devoid o...
Which Indian athlete won gold in the shot put event at the Asian Indoor Athletics Championships?
Which of the following is an independent regulator to oversee the auditing profession and accounting standards in India?
The ‘School Chalo’ abhiyan was recently launched in?
Who has been awarded the 2021 DST-ICTP-IMU Ramanujan Prize for young mathematicians from developing countries?
Which Asset Management Company has launched a digital campaign called DigitALL: Innovation and technology for gender equality?
