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:
The benefit amount is usually based on your average salary, years of service, etc. A definent contribution plan is like a 401(k). You, and in some cases your employer, contribute a certain amount each paycheck. At retirement, the amount you receive, and for how long, isn't certain as it is with a defined benefit plan.
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).