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2. What are pension plans? - AOL

   www.aol.com/finance/pension-plans-181440876.html

   Pension plans are a type of retirement plan where an employer commits to pay a set monthly amount to employees when they retire. The amount is usually based on the employee’s salary and years of ...

3. Should I Take a $150,000 Lump Sum or $1,200 Monthly ... - AOL

   www.aol.com/150-000-lump-sum-1-132703296.html

   Using Schwab's pension calculator, you would need to invest your $150,000 at a 7.03% rate of return just to match the income of your $1,200 monthly payments over your life expectancy.

4. Can I Cash Out My Pension When Leaving a Job? - AOL

   www.aol.com/cash-pension-leaving-job-141134422.html

   Vested vs. Non-Vested. A woman examines the terms of her pension plan to determine whether she is vested or not. Whether you can cash out your pension when you leave a job depends in part on ...

5. Public employee pension plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Public_employee_pension...

   Public employee pension plans in the United States. In the United States, public sector pensions are offered at the federal, state, and local levels of government. They are available to most, but not all, public sector employees. These employer contributions to these plans typically vest after some period of time, e.g. 5 years of service.

6. Pension - Wikipedia

   en.wikipedia.org/wiki/Pension

   A pension (/ ˈ p ɛ n ʃ ən /; from Latin pensiō 'payment') is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be: a "defined benefit plan", where defined periodic payments are made in retirement. The ...

7. Congressional pension - Wikipedia

   en.wikipedia.org/wiki/Congressional_pension

   Congressional pension. Congressional pension is a pension made available to members of the United States Congress. As of 2019, members who participated in the congressional pension system are vested after five years of service. A pension is available to members 62 years of age with 5 years of service; 50 years or older with 20 years of service ...

8. Retirement Savings: 7 Money Moves To Avoid With Your Pension

   www.aol.com/retirement-savings-7-money-moves...

   2) Making early withdrawals from your pension account. Some employers allow employees to withdraw or borrow funds from their pension accounts. Accessing pension funds earlier than retirement could ...

9. Defined benefit pension plan - Wikipedia

   en.wikipedia.org/wiki/Defined_benefit_pension_plan

   Personal finance. Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.