--%>
Assignment Help - homework help

Contrast prescribed benefit and contribution pension plan

Compare and contrast a prescribed benefit and contribution pension plan.
In a prescribed benefit plan, retirement benefits are determined by a formula that typically considers the worker's age, salary, and years of service.  The employee and/or the firm contribute the amounts essential to reach the goal.  In a prescribed contribution plan, the contributions to be made through the employee and/or employer are spelled out, but retirement benefits based on the total accumulation within the individual's account at the retirement date.

   Related Questions in Finance Basics

  • Q : Retiring an internally held debt and

    Normal 0 false false

  • Q : Explain Language Sheets Language Sheets

    Language Sheets: The copies of the current Budget Act appropriation items offered to Finance and departmental staff each fall to update for the proposed Governor’s Budget. Such updated language sheets become the proposed Budget Bill. In spring,

    		•
  • Q : Describe Section 28.50 Section 28.50 :

    Section 28.50: It is a Control Section of the Budget Act which authorizes the Department of Finance to increase or reduce the reimbursement line of an appropriation schedule for the reimbursements received from agencies of other state. It too contains

    		•
  • Q : Seasonal variations and secular trends

    Normal 0 false false

    		•
  • Q : Explain the basic goal of a business

    Normal 0 false false

    		•
  • Q : Aggregate demand or aggregate supply

    Normal 0 false false

  • Q : What is Feasibility Study Report

    Feasibility Study Report (FSR): This is a document proposing an information technology project which contains analyses of options, cost estimates, and some other information.

    		•
  • Q : Define Governors Budget Governor's

    Governor's Budget: The publication the Governor represents to the Legislature, by January 10 every year. It has recommendations and approximates for the state’s financial operations for the budget year. This also displays the real revenues and e

    		•
  • Q : Debit or credit Hi this is Shailender

    Hi this is Shailender Ojha i want to know when we receive the sales where we put the sales. in debit or credit column . could you please let me know.

    		•
  • Q : Explain Feasibility Analysis

    Feasibility Analysis: It is an analysis of the ability to finish a project successfully, taking into account legal, technological, economic, scheduling and various other factors. Instead of just diving into a project and hoping for th

    		•