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.
What is the primary objective of the GREAT scheme, which is expected to have a positive impact on the banking industry's textile sector portfolio?
The National Tele Mental Health Programme (Tele Mental Health Assistance and Networking Across States was launched in October 2022, it is a digital arm ...
Which eminent Indian astrophysicist received the COSPAR Harrie Massey Award 2024?
Which state has bagged the national award for the best implementation of Pradhan Mantri Fasal Bima Yojana (PMFBY), a crop subsidy insurance scheme, for ...
What is the primary aim of the Memorandum of Understanding (MoU) signed between the Indian Navy and M/s Uber?
Who won the Australian Grand Prix in the 2023 Formula 1 season?
Which of the following statements is true about the Jan Vishwas (Amendment of Provisions) Bill, 2023 recently passed in Lok Sabha?
What did India offer to share with ASEAN partners to promote digital transformation?
Which country will host the first edition of the Global India AI 2023 conference?
The 2022 Liberty Medal will be awarded to___?