Pension Plan provide retirees with financial support
A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker’s future benefit. The pool of funds is invested on the employee’s behalf, and the tax exempt earnings on the investments generate an income benefit to the worker upon retirement.
- To maintain the same standard of living after retirement
- provide retirees with the financial support they need
- For retirement and much more
- Option to receive life-long payments for as long as you and your spouse are alive
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