Posted by: Labdhi Mehta on Mar 12, 2018, 06.30 AM IST
1. In a Defined Contribution (DC) retirement plan, the pension amount or value of retirement benefit is not known beforehand. 2. The value of retirement corpus depends on both the value of contributions made and returns generated through their investment. 3. A defined amount is contributed by the employee, the employer or both, over a period, and is invested. The final corpus determines the retirement benefit.
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