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Affirmative action programs help ensure that decisions and practices enhance the employment, upgrading, and retention of members from protected groups such as minorities and females.
Uncertainty
A situation characterized by doubt or the inability to predict outcomes due to insufficient information or unpredictable variables.
Defined Benefit Plans
Retirement plans promising a specified monthly benefit at retirement, often based on salary and years of service.
Longevity
The length of time an individual or entity has been in existence or operational, often used in the context of work tenure or product durability.
Defined Contribution Plans
Retirement plans in which employees contribute a fixed amount or percentage of their salaries, and the final benefits depend on the plan's investment performance.
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