Which of the following is a feature of a defined contribution pension plan?
1) Guaranteed payout at retirement
2) Employee bears the investment risk
3) Contributions are fixed in it.
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.
In April 2022, which Union Minister launched the environmental awareness mascot 'Prakriti'?
The part of the Himalayas lying between Satluj and _______rivers is known as Kumaon Himalayas.
A ______ is an instrument used for measuring electrical potential difference between two points in an electric circuit.
In 2018, the Hon'ble Prime Minister announced that India would phase-out single use plastic by which year?
What was the volume of UPI transactions recorded for the month of December according to the latest data released by NPCI?
Which of the following statements are correct about Swachh Bharat Mission - Urban?
A. It has an outlay of 1.41 Lakh crore and will be implemented...
In which of the following years was the Bengal State Prisoners Regulation (Bengal Regulation III) passed?
Which of the following statements is true about the Bharat Biotech International Lt d.?
(1) Bharat Biotech has developed indigenous COVID-19 vacc...
For setting up a New Umbrella Entity (NUE) how much minimum capital is required?
Which state receives the highest tax proceeds from the central government?