1. #1
    Unregistered

    What is meant by Fixed Benefit Plan in company? What is the advantage in applying for it? Is it really helpful if we apply some amount in Fixed Benefit Plans?

    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
    looser Array
    Join Date
    Jul 2012
    Posts
    619

    Re: What is meant by Fixed Benefit Plan in company? What is the advantage in applying for it? Is it really helpful if we apply some amount in Fixed Benefit Plans?

    Fixed benefit plan is like pension plan in which the employer promises a specified monthly benefit based on the employee'e earnings history.

    This will be helpful to the employee. By applying for this plan you can save some money with the company. At the end you can get total money.

    Thank you

  3. #3
    shubhangi Array
    Join Date
    Jul 2012
    Posts
    37

    Re: What is meant by Fixed Benefit Plan in company? What is the advantage in applying for it? Is it really helpful if we apply some amount in Fixed Benefit Plans?

    an employer sponsored plan in which employee benefits are sorted out on the basis of a formula,using factors such as salary history and duration of employment .most common type of formula is based on the employee terminal earning.uder this formula benefit is based on a percentage of average earning during the specified number of years at the end of the worker's career.

  4. #4
    rashmi Array
    Join Date
    Jul 2012
    Location
    india
    Posts
    56

    Re: What is meant by Fixed Benefit Plan in company? What is the advantage in applying for it? Is it really helpful if we apply some amount in Fixed Benefit Plans?

    it is a kind of retirement plan that is offered by an employer to benefit its emplyee on accord of its salary till his/her retirement and period of his/her employement.Therefore, employers will need to dip into the companies earnings in the event that the returns from the investments devoted to funding the employee.Employees participating are estimated by more personalised criterias like length of employment.THANKyou!!!

  5. #5
    imman Array
    Join Date
    Jul 2012
    Posts
    868

    Arrow Re: What is meant by Fixed Benefit Plan in company? What is the advantage in applying for it? Is it really helpful if we apply some amount in Fixed Benefit Plans?

    @@ HI @@



    Fixed Benefit Plan :


    @_@ It is just like the pension plan which is calculated based on salary history and duration of your employment @_@@_@ There are two restrictions to withdraw these funds.They are @_@


    • Qualified Benefit Plan
    • Non-Qualified Benefit Plan


    Advantage :


    @_@ The advantage is that the investment risk and portfolio management are controlled by the company @_@



    How it is helpful :


    @_@ This can be given to you at the retirement which helps for your future @_@




    @@ Thank you @@


  6. #6
    Raajkumar Array
    Join Date
    Jul 2012
    Posts
    213

    Re: What is meant by Fixed Benefit Plan in company? What is the advantage in applying for it? Is it really helpful if we apply some amount in Fixed Benefit Plans?

    Nowdays the pension provided by the companies and government companies are starting to stop.

    In that case there is a need fore fixed pension plan.
    You need to pay some amount for your pension plan along with the company.
    The money is saved and the interest is compounded, and you will get a monthly pension amount once you have completed the terms successfully.

  7. #7
    G.one Array
    Join Date
    Jul 2012
    Posts
    677

    Re: What is meant by Fixed Benefit Plan in company? What is the advantage in applying for it? Is it really helpful if we apply some amount in Fixed Benefit Plans?

    Since govenrnment employees have retirement plans , pension plans awarded by their employers. So the multinational companies also started a plan similar to this. This plans depends on about your salary amount and validity of your job. The small amount from your salary is invested regularly by the company. On the retirement from the job you get your money back with some percentage of return. You must in invest these kind of plans, as it's secure your future. Thanx.

  8. #8
    vivekomar99 Array
    Join Date
    Jul 2012
    Location
    Unnao, Uttar Pradesh
    Posts
    144

    Re: What is meant by Fixed Benefit Plan in company? What is the advantage in applying for it? Is it really helpful if we apply some amount in Fixed Benefit Plans?

    Dear friend,
    As the Government of India launches the beneficial plans to his employers as pension and retirement plans, other and a few of companies copied the object and launches the plan as the same benifits. These plans are based just on your monthly income and about of your job period. A very small piece of your salary has got deducted each month by the company and when you have got retired all your deducted amount with a few interest has got paid to you. I will suggest you to invest in these plans to make your future safe and secure. As govenment of India has got finished the rule of pension is the subject to be thought because a person has not got his savings on a place may occur very big financial problems before him. So be safe and be alert for your future plans.



    Thanks.

  9. #9
    GURUDUTTA Array
    Join Date
    Jul 2012
    Posts
    118

    Re: What is meant by Fixed Benefit Plan in company? What is the advantage in applying for it? Is it really helpful if we apply some amount in Fixed Benefit Plans?

    HELLO SIR ...................




    This can be given to you at the retirement which helps for your future It is just like the pension plan which is calculated based on salary history and duration of your employmentThere are two restrictions to withdraw these funds.
    Therefore, employers will need to dip into the companies earnings in the event
    that the returns from the investments devoted to funding the employee.Employees participating are estimated by more personalised criterias like length of employment.
    By applying for this plan you can save some money with the company. At the end you can get total money.





    ALL THE BEST ...............

  10. #10
    Ravi Kiran Mohapatra Array
    Join Date
    Jul 2012
    Posts
    175

    Re: What is meant by Fixed Benefit Plan in company? What is the advantage in applying for it? Is it really helpful if we apply some amount in Fixed Benefit Plans?

    HI,

    Yes,it would definitely be helpful.
    It is a kind of pension.
    It is calculated by
    salary history and duration of your employment.
    This can be given to you at the retirement which helps for your future.
    I will suggest you to invest in these plans to make your future safe and secure.


    HOPE THIS WAS HELPFUL!!!!!
    GOOD LUCK!!

  11. #11
    AAI Array
    Join Date
    Jul 2012
    Posts
    63

    Re: What is meant by Fixed Benefit Plan in company? What is the advantage in applying for it? Is it really helpful if we apply some amount in Fixed Benefit Plans?

    In that case there is a need fore fixed pension plan.You need to pay some amount for your pension plan along with the company.
    The money is saved and the interest is compounded, and you will get a monthly pension amount once you have completed the terms successfully.pension plans awarded by their employers. So the multinational companies also started a plan similar to this. This plans depends on about your salary amount and validity of your job. The small amount from your salary is invested regularly by the company. On the retirement from the job you get your money back with some percentage of return. You must in invest these kind of plans, as it's secure your future.

  12. #12
    sane Array
    Join Date
    Aug 2012
    Posts
    59

    Re: What is meant by Fixed Benefit Plan in company? What is the advantage in applying for it? Is it really helpful if we apply some amount in Fixed Benefit Plans?

    Hello Dear Friend....


    FIXED BENEFIT PLAN


    >> Usually a health insurance contract which agrees to pay a fixed or set amount for specific service or condition.......

    >> Unlike major medical insurance ... the fixed benefit plan is indemnity plan which pays a fixed amount per health care service

    >> The plan has limits and on the type and frequency services..

    >> Designed to offset a small portion of incurred health care costs....


    ALL THE VERY BEST



  13. #13
    Boss Array
    Join Date
    Jul 2012
    Posts
    1,649

    Re: What is meant by Fixed Benefit Plan in company? What is the advantage in applying for it? Is it really helpful if we apply some amount in Fixed Benefit Plans?

    an leader sponsored set up within which worker advantages square measure sorted out on the idea of a formula,using factors like wage history and length of employment .most common sort of formula relies on the worker terminal earning.under this formula profit relies on a proportion of average earning throughout the required variety of years at the top of the worker's career.

    it is a form of pension account that's offered by associate degree leader to learn its worker on accord of its wage until his/her retirement and amount of his/her employment.Therefore, employers can have to be compelled to read the businesses earnings within the event that the returns from the investments dedicated to funding the worker.Employees collaborating square measure calculable by a lot of personalized criteria like length of employment.

    As the Government of Bharat launches the helpful plans to his employers as pension and retirement plans, different and a couple of of firms derived the item and launches the set up because the same advantages. These plans square measure primarily based simply on your monthly financial gain and regarding of your job amount. a awfully little piece of your wage has subtracted monthly by the corporate and once you have gotten retired all of your subtracted quantity with a couple of interest has paid to you. i'll counsel you to speculate in these plans to form your future safe and secure. As government of Bharat has finished the rule of pension is that the subject to be thought as a result of an individual has not got his savings on an area could occur terribly huge money issues before him. thus be safe and be alert for your future plans.

+ Reply to Thread