NO.PZ2023010409000011
问题如下：
Fiona Heselwith is a
40-year-old US citizen who has accepted a job with Lyricul, LLC, a UK-based
company. Her benefits package includes a retirement savings plan. The company
offers both a defined benefit (DB) plan and a defined contribution (DC) plan but
stipulates that employees must choose one plan and remain with that plan throughout
their term of employment.
The DB plan is
fully funded and provides full vesting after five years. The benefit formula
for monthly payments upon retirement is calculated as follows:
Final monthly salary × Benefit
percentage of 2% × Number of years of service
The final monthly salary is equal to average monthly earnings for
the last five financial years immediately prior to the retirement date.
The DC plan
contributes 12% of annual salary into the plan each year and is also fully
vested after five years. Lyricul offers its DC plan participants a series of
life-cycle funds as investment choices. Heselwith could choose a fund with a target
date matching her planned retirement date. She would be able to make additional
contributions from her salary if she chooses.
Discuss the
features that Heselwith should consider in evaluating the two plans with
respect to the following:
i. Benefit payments
ii. Contributions
iii. Shortfall risk
iv. Mortality/longevity risks
选项：
解释：
请问就contribution 这一点来说，通常employee要make contribution to db plan么？还是employer only make contribution to db plan？