Examlex
What sorts of questions do sociologists ask about migration that get beyond individual motivations and the basic desire to make a better life for oneself?
Defined Contribution Plan
A type of retirement plan where the amount of the employer's annual contribution is specified, with the final benefits received by the employee depending on the investment's performance.
Ultimate Pension Payments
The total amount of pension payments that will be made to an employee under a defined benefit pension plan over the course of their retirement.
Service Cost
The actuarial present value of benefits earned by employees in the current period under a defined benefit plan, included in pension expense.
Interest Cost
The cost incurred by an entity for borrowing funds, typically reflected as an expense in the income statement.
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