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The nature of pension plans with focus on defined contribution pension plans and defined benefit pension plans.
Finance & Accounting
Pages 4 (1004 words)
The Nature of Pension Plans with Focus on Defined Contribution Pension Plans and Defined Benefit Pension Plans Name of Author Author’s Affiliation Author Note Author note with more information about affiliation, research grants, conflict of interest and how to contact The Nature of Pension Plans with Focus on Defined Contribution Pension Plans and Defined Benefit Pension Plans Nature of Pension Plan: Pension plan is a kind of arrangement by which an employer offers payments or benefits to workers after they retire?
“Actually, an individual who periodically invests in stocks, bonds, certificates of deposit (CDs), or other investments for the purpose of saving for retirement is establishing a personal pension fund. Often, such individual plans take the form of individual retirement accounts (IRAs) to take advantage of tax breaks offered by that arrangement” (Part A: The nature of Pension Plans n.d. p. 1010). Pension funds must be controlled. They have managerial responsibilities? create decisions on the subject of benefits and entitlements and, in some cases, guarantee that long-term duties are met in the circumstance of uncertainty and risk. As such, it is debatable that pension funds are like other financial organizations, which have objectives and goals in addition to procedures that help attain these objectives and goals are realized. Pension plans often increase productivity, decrease turnover, gratify union demands and permit employers to fight in the labor market. Corporations set up pension plans for various reasons. ...
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