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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.
What is the primary focus of the 'Maiyan Samman Yojana' in Jharkhand?
Who among the following was the successor of Muhammad-Bin Tughlaq to the throne?
What was the theme of the 28th International Sindhi Conference recently hosted in Dubai?
Which Tata Group Chairman has been awarded France's highest civilian award Chevalier de la Legion d'honneur?
What is the name of the fifth Kalvari class submarine inducted into the Indian Navy?
Prama India and C-DAC forged a partnership for which technology?
Which of the following statements about the Marburg virus disease (MVD) is correct?
I. MVD was first discovered in Tanzania.
II. MVD is ca...
Which Indian state recently launched the 'Ladki Bahin Yojana'?
In which country the 12th edition of the 'World Hindi Conference' is being held?
What policy is the Ministry of Finance planning to implement to improve the efficiency of Regional Rural Banks (RRBs)?