1. #1
    Unregistered

    What does Fix benefit Plan imply?

    I have got recruited into a Corporate company as a fresher. As I am new to the corporate atmosphere, I am not pretty much aware of the different things in companies which are like Fixed Benefit plans and so on, what it exactly means? What is the advantage in applying for it? Is it really helpful if apply some amount in Fixed Benefit plans? What is the real use of doing that?

  2. #2
    realfriend Array
    Join Date
    Jul 2013
    Posts
    64

    Re: What does Fix benefit Plan imply?

    Hello,
    1.From the employee's perspective, the beauty of a defined-benefit plan is that the employer funds the plan and the employee reaps the rewards upon retirement.

    2.The entire scenario is bad news for employees.

    3.Not only do employees get to keep and spend all the money they earn in their paychecks, but they can also easily predict how much money they will receive each month during retirement.
    thanks..............

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