A pension/superannuation is a contract for a fixed sum or index linked to be paid regularly to a person, typically following retirement from service. There are many different types of pensions, including defined benefit plans, defined contribution plans and hybrid plans. The terms retirement plan and superannuation refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government or other institutions such as employer associations or trade unions.
Submitted November 17, 2018 at 07:17AM by charangupta https://ift.tt/2A2F9nA
