Not exact matches
Being a
defined benefit kind of pension
plan, the formula for your Social Security
benefits isn't tied directly to FICA contributions, and I'm not aware
of any calculator that performs an ROI based on FICA contributions.
Most profs have tenure and can not be fired (
kind of the same thing) and
defined contribution pension
plans, not
defined benefit plans.
PBGC is a federal agency created by the Employee Retirement Income Security Act
of 1974 (ERISA) to protect pension
benefits in private - sector
defined benefit plans - the
kind that typically pay a set monthly amount at retirement.
I'd argue that the majority who ARE confident are probably the beneficiaries
of employer - sponsored
Defined Benefit pension
plans, ideally the
kind of inflation - indexed ones that many public servants enjoy.
There are two
kinds of pension
plans,
defined benefit and
defined contribution
plans.
The claims which are due to direct or indirect result
of any
kind of contractual accord or any usage
of vehicle other than agreed or
defined shall not be accepted under the
plan benefit.