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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.
'Chandrabhaga fair' is organised in which one of the following districts of Rajasthan?
______ has been appointed as the Attorney General (AG) of India by President Droupadi Murmu, in October 2022.
Rabindranath Tagore Beach is the main beach in Karwar town, 50 km between Goa.
10% of 5 and 5% of 10 add upto
In a plant, the anther contains:
Who imposed a tax named “Gharai”?
What is the primary function of the United Nations Security Council (UNSC)?
Which of the following city of Gujrat 145th annual Rath Yatra festival of Lord Jagannath has started?
World's longest beach is found in
Which of the following is NOT a Fundamental Duty in the Indian Constitution?