Workplace-run Pension Account
A workplace-run pension account is a retirement savings plan provided and managed by an employer, often involving contributions from both the employer and the employee. These plans can include defined benefit plans, which promise a specified monthly benefit at retirement, and defined contribution plans, which depend on the amount contributed and the performance of the investments.
Also known as
Company Pension Plan, Corporate Pension Scheme, Employer-Provided Pension Plan, Employer-Sponsored Pension Plan, Work-Based Pension Plan
Examples
- Pension Fund: CalPERS Pension Fund
Ancestry path
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