Pension Plans and Your Financial Independence

Fiology Lesson 14: The Pension Dimension

What are pension plans? Pension plans are funds to which an employee and/or employer contributes. The expectation is that the value of this fund grows over time. The employee then receives periodic payments to support their lifestyle in retirement. In the U.S., prior to the 1980s, a company or government Defined Benefit Plan (DBP), commonly … Read more