What Is a Pension and Why Don’t I Have One?

Oct

What Is a Pension and Why Don’t I Have One?

A pension is a type of retirement savings plan in which an employer sets aside funds for employees’ future income in retirement. This income is provided regularly, typically monthly. It’s a form of deferred compensation, meaning the benefits accrue over time, typically based on years of service with the employer. Traditionally, having a pension helped provide steady retirement income for

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