Sale!

Pension

Original price was: ₹1,300.00.Current price is: ₹1,289.00.

Pension funds, which are also known as retirement funds, is a kind of savings scheme where you (as an employee) invest a small portion of your income/salary into a designated savings plan. … A pension plan will help you get an income and support your family when you have no other income source.

Category: Tag:

Description

Pension funds, which are also known as retirement funds, is a kind of savings scheme where you (as an employee) invest a small portion of your income/salary into a designated savings plan. … A pension plan will help you get an income and support your family when you have no other income source.

A pension is a type of retirement plan that provides monthly income after you retire from your position. The employer is required to contribute to a pool of funds invested on the employee’s benefit. As an employee, you may contribute part of your wages to the plan, too.

For example, a pension plan might offer a monthly benefit of 50% of your pay (based on an average of your pay over your last three years of service) if you retire at age 55 and have at least 10 years of service. … The pension could provide an income of 85% of your pay. More years usually mean more money.

A pension plan (also referred to as a defined benefit plan) is a retirement account that is sponsored and funded by your employer. … Over the years, your employer makes contributions on your behalf and promises to make you regular, predetermined payouts every month when you retire.

How many years do pensions pay?
Pension payments are made for the rest of your life, no matter how long you live, and can possibly continue after death with your spouse. Lump-sum payments give you more control over your money, allowing you the flexibility of spending it or investing it when and how you see fit.

Reviews

There are no reviews yet.

Only logged in customers who have purchased this product may leave a review.

Select your currency
INR Indian rupee
Back To Top