What do you think are the important factors that should be considered by tertiary sector employees when they are deciding whether to place their superannuation contributions in the Defined Benefit Plan or the Investment Choice Plan? What issues relating to the concept of the time value of money, taxes etc., might be important in this decision-making process? Explain.
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Answers: Answer: A In recent times, retirement arranges are essential for employees to secure their future after retirement. Moreover, defined benefit plans as well as investment choice plans are two major types of investment plans that tertiary sector employees have to invest their superannuation contributions in an appropriate manner. These plans are mainly required for employees because of workers do not have work securities for their whol...Read More
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