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What are ‘defined benefit’ plans?
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1 Answers
Defined benefit plan is most commonly known as a pension plan that guarantees employees a certain amount of money during retirement. In other words, a company takes care of its workers' retirement income. The employees can draw a dependable check from the company regardless of the market situation. The lifetime retirement annual income is calculate
Who pays for a retirement home?
Asked by unknown
1 Answers
The resident (or family) pays for the accommodation and services provided within a retirement home. Infrequently, a subsidized bed may be available through your municipal government for those who need care. Should home care services be required, publicly funded services may be available through the local Community Care Access Centre.
What is the difference between a retirement home and a long term care home?
Asked by unknown
1 Answers
Retirement homes provide rental accommodation with care and services for seniors who can live independently with minimal to moderate support and are able to fund the lifestyle on their own. You can choose your retirement home and wait lists depend on the individual home. There is flexibility to choose your type of suite, the services you need and t