Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Retirement
The 2 types of pension plans used in an organization
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Augusta, post: 334540, member: 25283"] When one is still working, there always the need to save money away for retirement and this money is called pension. So pension is payment that is usually made from the state or private company to someone who will someday retired. So to make this payment the pension payment plan comes in. Which are in two forms: Deferred compensation plan and Defined contribution plan So Deferred compensation plan is all about an employer paying a fixed amount monthly for each employees as pension funds. The payment is based on the employee's length of service, retirement age etc The second payment plan is the defined contribution plan which has to do with employee contributing a percentage of their salary every month and the employer add theirs as well. The combined money will be release to the employee upon retirement. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Retirement
The 2 types of pension plans used in an organization
Top