What are the basic factors that should be considered when establishing anindividual retirement plan?

Q: What is the difference between insurance companies and pension funds?

A: Insurance and pensions funds are two quite different types of institutions.

Q: In what ways are pension benefits and post-retirement healthcare different?

A: This is about In what ways are pension benefits and post-retirement healthcare different

Q: What is the role of an actuary relative to pension plans?What are actuarial assumptions?

A: An actuarial valuation is a kind of evaluation and appraisal of the assets and liabilities of…

Q: In a Defined Contribution Plan, the investor (you) will know EXACTLY what the balance of your plan…

A: Employees are provided number of plans for the retirement that provide the savings from tax…

Q: Define benefit pension plans.

A: Pension plan Pension plan is an agreement between the employer and employee. After the retirement of…

Q: What are the major differences between postretirementhealthcare benefits and pension benefits?

A: Both pension funds and post retirement healthcare benefits accrue to an employee after his/her…

Q: xplain the concept of time value of money in the context of simple interest. How would you use this…

A: Simple interest is the interest calculated above the original contribution to a savings account.…

Q: Why is pension plan underfunding not a concern in your present employment?

A: Definition of pension plan: This is the plan devised by corporations to pay the employees an income…

Q: Why should planning for retirement be a long-term goal that is affected by Social Security? Why…

A: Planning for retirement helps to find out the after retirement Income sources, goals and the ways to…

Q: As a middle-class individual, why would you prioritize saving for a retirement fund than imburse  to…

A: Financial planning is an indispensable part of the human race. It assists an individual to prepare a…

Q: How should gains or losses related to pension plan assets be recognized? How does this treatment…

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Q: How should one consider the time value of money when planning for retirement?  Please share examples…

A: The concept of Time value of money implies that the value of money changes over a period of time. It…

Q: What type of retirement account is best?

A: One of the best retirement plan Public provident fund : Public provident fund (PPF) is a government…

Q: What is overfunded pension plan?

A: Overfunded pension plan It is the company’s plan related to the retirement of an individual that has…

Q: Define Contribution Pension Plans.

A: Pension plan:   This is the plan devised by corporations to pay the employees a kind of compensation…

Q: The calculation used by social security to calculate retirement benefits is meant to replace a(n

A: Social Security: The social security benefits mean those payments that are made to the retirees…

Q: What is the 2021 pension expense?

A: Pension expense (PE) refers to those expenses which are charged by the company in relation to pay…

Q: Do the GSIS and SSS have common functions in terms of retirement programs? Enumerate and explain…

A: Retirement programs are made by the government of the countries for public and private sectors…

Q: What are the benefits provided by Employee Retirement Income Security Act?

A: The Employee Retirement Income Security Act is an organizational law that recognizes the minimum…

Q: What are the assumption of differences between pension plans and other postretirement benefit plans?

A: Pension plan: This is the plan devised by corporations to pay the employees an income after their…

Q: What are postretirement benefits other than pensions?

A: Pension fund: A fixed sum of money is receivable in future or after the age of retirement, which the…

Q: What is a defined Contribution Pension Plan?

A: A defined contribution pension plan It is an arrangement where  there is a contribution by employer…

Q: Which of the following types of pension plan will provide benefits that are dependent on the return…

A: Defined Contribution Plan Defined contribution plan which allows the employees and the employer to…

Q: How does accounting for postretirement benefits similar in most respects to accounting for pension…

A: Pension plan: This is the plan devised by corporations to pay the employees an income after their…

Q: When it comes to pension plans and other postretirement benefit schemes, what assumptions are made…

A: The answer

Q: What is the major difference between pre- and post-retirement planning?

A: The major difference between pre and post-retirement is that pre-retirement planning is mainly…

Q: What is a pension plan?

A:

Q: Understand the fundamentals of pension plan accounting.

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Q: Discuss the common misconceptions of retirement planning.

A: While retirement planning is one of the most important financial decisions that one can make in life…

Q: What are good retirement goals? Discuss how someone could achieving these goals

A: We need retirement goals so as to be financially secure and financially independent after our…

Q: In what ways are pension plans and other post-retirement benefit programs different, and why

A: This question explains about  pension plans and other post-retirement benefit programs different,…

Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.