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By using VRRP, the backup router in a VRRP backup group immediately becomes the master router after detecting a fault and instructs its attached hosts to perform a master/slave switchover accordingly. This ensures that services will recover within a short period of time.
Pension Fund Asset
Financial resources that a pension fund holds to meet future obligations to participants, including equities, bonds, real estate, and other investments.
Defined Contribution Pension Plan
A retirement plan where employers, employees, or both make contributions on a regular basis, but the benefits received depend on the plan's investment performance.
Balance Sheet
A financial statement that provides a snapshot of a company's financial position, including assets, liabilities, and shareholders' equity at a specific point in time.
Pension Expense
An expense recognized by companies related to the cost of providing pension benefits to employees, calculated according to actuarial estimates and accounting standards.
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