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In a comprehensive fashion, present the various components of the private sector's Retirement or Pension Program....

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Finance

In a comprehensive fashion, present the various components ofthe private sector's Retirement or Pension Program. Explain theextent of its coverage and its membership. Explain how it isfinanced, how it pays benefits to its members. Discuss itssolvency. Provide your recommendations for long-termsustainability.

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There are mainly 2 types of pension plan 1 Defined benefit plan In this private pension program employee is entitled to get benefit after retirement till his or her death irrespective of the employees contribution Means a pre defined fixed amount has been paid after retirement    See Answer
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