Pension Plan

In general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. Pension plans provide financial security to policyholders during their retirement days and so it’s important to choose a pension plan carefully.

Pension plans may be set up by employers, insurance companies, the government or other institutions such as employer associations or trade unions.

Types of Pensions

Employment-based pensions

A retirement plan is an arrangement to provide people with an income during retirement when they are no longer earning a steady income from employment.

Social and state pensions

Many countries have created funds for their citizens and residents to provide income when they retire.A basic state pension is a "contribution based" benefit, and depends on an individual's contribution history.

Disability pensions

Some pension plans will provide for members in the event they suffer a disability.

List of Companies With Pension plans
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