Heal Your Heels. If youâve developed a painful bump on the back of your heel, you might have one of several foot conditions. So what are heel bumpsâ¦ the most likely culprit? Haglundâs deformity, a condition where the constant rubbing from a shoe can cause a buildup on the back of your foot. Symptoms include:
Confidence votes 637. A defined benefit plan provides a set amount of benefit to the employee at the time of retirement, and a defined contribution plan specifies the amount of money an employer contributes to a retirement fund for each individual employee. 7 people found this useful.
Definition of defined-contribution pension plan. Pension plan for which contributions are specified (mandatory or voluntary depending on the scheme), but the amount received by the employee on retirement is not fixed. Instead, it relates to how the funds in the plan have been invested and the return on that investment. The employee normally has the responsibility of deciding how the contributions are invested (though investment choices may be limited by the actual pension fund provider).