Pension - Benefits

Benefits

Retirement plans may be classified as defined benefit or defined contribution according to how the benefits are determined. A defined benefit plan guarantees a certain payout at retirement, according to a fixed formula which usually depends on the member's salary and the number of years' membership in the plan. A defined contribution plan will provide a payout at retirement that is dependent upon the amount of money contributed and the performance of the investment vehicles utilized.

Some types of retirement plans, such as cash balance plans, combine features of both defined benefit and defined contribution plans. They are often referred to as hybrid plans. Such plan designs have become increasingly popular in the US since the 1990s. Examples include Cash Balance and Pension Equity plans.

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Other articles related to "benefits":

Illinois Municipal Retirement Fund
... system for the payment of retirement, disability, and death benefits ... It administers benefits for approximately 176,000 actively participating local government workers and provides monthly retirement benefits to approximately 97,000 ...
Pension Benefit Guaranty Corporation - Plan Terminations
... the plan must have enough money to pay all accrued benefits, whether vested or not, before the plan can end ... After workers receive promised benefits, in the form of a lump sum payment or an insurance company annuity, PBGC's guarantee ends ... In a distress termination, where the plan does not have enough money to pay all benefits, the employer must prove severe financial distress - for instance the likelihood that ...
Hybrid Drive - Claimed Benefits
... Manufacturers claim several benefits of the hybrid drive over standard hard drives, especially for use in notebook computers ... Samsung claims the chief benefits are speed of data access and consequent faster computer boot process, decreased power consumption, and improved ...
Loop-invariant Code Motion - Benefits
... However, if too many variables are created, there will be high register pressure, especially on processors with few registers, like the 32-bit x86 ... If the compiler runs out of registers, some variables will be spilled ...
Australian Referendum, 1946 (Social Services) - Discussion
... pharmaceutical, sickness and hospital benefits, medical and dental services (but not so as to authorise any form of civil conscription), benefits to students and family ... However, in the Pharmaceutical Benefits Case (Attorney-General (Victoria) Ex rel Dale v Commonwealth) constitutional questions were raised about the validity of Commonwealth social ... Court held unconstitutional the Pharmaceutical Benefits Act 1944, which sought to introduce a scheme of subsidised medications, because it was not ...

Famous quotes containing the word benefits:

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    One of the benefits of a college education is, to show the boy its little avail.
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