Examlex
What are the three noteworthy labor market trends that Americans have experienced for about two decades?
Defined Benefit Plan
A pension plan that promises employees a fixed annual pension benefit at retirement, based on years of service and compensation levels.
Defined Contribution Plan
A retirement plan in which the employer, employee, or both make contributions on a regular basis, and the final benefits depend on the investment's performance.
SUTA Taxes
SUTA Taxes refer to State Unemployment Tax Act taxes, which employers pay to provide unemployment benefits to laid-off workers.
FUTA Taxes
Federal Unemployment Tax Act taxes, which are payroll taxes paid by employers to fund unemployment benefits.
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