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A defined benefit plan is a pension plan where the employer guarantees a specified retirement benefit amount for the employee based on factors such as salary history and years of service. A defined contribution plan, on the other hand, is a plan where the employer and/or employee make regular contributions to the employee's retirement account, with the eventual payout based on the account balance at retirement. State-sponsored retirement schemes, such as the National Pension System (NPS) in India or the Social Security program in the United States, are government-run pension schemes designed to provide retirement benefits to citizens. Money market funds, on the other hand, are a type of mutual fund that invests in short-term, low-risk securities such as treasury bills, certificates of deposit, and commercial paper. While they may be a part of an investment portfolio, they are not considered a type of pension fund. Hence, statement 4 is the correct answer.
Quantity-I: Determine the value of (x + y - z)3 + (x - y + z)3 - 8x3 .
Quantity-II: Determine the value of 6...
Quantity-I: ‘A’ and ‘B’ started a business by investing Rs.‘x’(Take 'x' value as approximate) and Rs. 5,500, respectively. ‘A’ and ‘...
What is the population of village A in 2021?
Quantity I: Population of village A in 2020 was 54,000 and it increased by 12% in 2021 over 2020.
What is the larger number?
Quantity I. Difference between the two numbers is 21 and LCM and HCF of those numbers are 70 and 7 respectively.
<...Quantity I : Distance travelled by the cycle to reach point c from point B if a Bike travels the same distance in 2 hours and the speed of the cycle is ...
In the question, two quantities i.e. Quantity I and Quantity II are given. Solve the given quantities to establish the correct relation between them an...
Quantity-I: A mixture contains 50% milk and the rest 360 litres water. When (x −15) litres of water and (x+10) litres of milk are added to this mixt...
Quantity 1: A factory produces 1200 gadgets in 8 hours. If the production rate is increased by 25%, how many gadgets can be produced in the same time?
The current ages of three friends, Aman, Bheema, and Chintu, are represented as (p−3), p, and (2p−6) years, respectively. It ...
What is the population of village A in 2021?
Quantity I: Population of village A in 2020 was 48,000 and it increased by 14% in 2021 over 2020.