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December 15, 2020 at 11:41 pm
Hey all, I found two more Differences in between the two.
1.There is NO legal or constructive obligations in DEFINED CONTRIBUTIONS PENSION SCHEME ( but Found in DEFINED BENEFIT ).
2. Company Will not pay Any FURTHER CONTRIBUTIONS In DEFINED CONTRIBUTIONS PENSION SCHEME ( But Will Pay Under DEFINED BENEFIT, And if company terminates Defined benefit plan then company will pay further contributions by purchasing lifetime Annuties for Retired Scheme Members)
Source- Kaplan KIt under Question name. MCVEIGH (DEC 2018)
December 24, 2020 at 2:51 pm
Really good to know this, thanks for the information.
December 29, 2020 at 1:29 am
August 23, 2019 at 2:26 pm
Thanks a ton, it was really helpful indeed!
August 6, 2018 at 6:37 pm
thank you for this. i was struggling with this topic before i watched the video. im confident now
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