C O V E N T R Y
U N I V E R S I T Y
Submission Date: 13 December 2010
Name: Monika Miglani
tudent Name(s): K. Hussain
educatee Id No: 3023260
tudent Name(s): K. Hussain
CORPORATE FINANCE
M07EFA
Module Tutor: Keith Redhead
cover: Institutional Investments
Table of Contents
| Topic| Pg. no.|
| pension off| 3|
| Type of Pension| 3|
| Defined Benefit design| 3|
| Defined component turning aways| 5|
| Difference between Defined Benefit Scheme and Defined Contribution Scheme| 6|
| Why are Defined Contribution Schemes suitable more important| 8|
| Conclusion| 10|
| | |
Pension:
Pension understructure be defined as acquit retirement benefits that an employee receives. It is a Private or Government investment comp any(prenominal) from which regular benefits are provided to a person after his retirement. Pensions can be payable to an employee after a certain while or after completing a certain promote in a company.
Types of Pensions:
Pensions can be classified as follows:
* Employment based Pension Plans:
These are also cognize as Retirement Plans. In this case a limited amount of benefit is provided to an employee when they no longer have any income after retirement. Depending on the benefits Employment pension Plans can be divided into Defined-Benefit Pension Scheme or Defined Contribution Pension Scheme.
* Defined-Benefit Pension Scheme
* Defined Contribution Pension Scheme
* kind and State Pensions:
Government in some developed countries alike UK, Canada, US etc. provides funds to the residents and citizens of that country to provide complaisant and economic security.
* Disability Pension:
These types of pension plans do non depend on the age of the person. Disability Pensions are provided to the disabled...If you wish to get a full essay, order it on our website: Orderessay
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