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2. What are pension plans? - AOL

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

   Pension plan vesting is the process by which you earn the right to the full benefits of a retirement plan. Your ownership percentage typically increases each year until you’re fully vested based ...

3. Pension - Wikipedia

   en.wikipedia.org/wiki/Pension

   A pension ( / ˈpɛnʃən /; 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:

4. Retirement plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Retirement_plans_in_the...

   Types of retirement plans. Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.

5. Pensions in the United States - Wikipedia

   en.wikipedia.org/wiki/Pensions_in_the_United_States

   The retirement fund is a defined benefit type pension plan and was only partially funded by the government, with only $268.4 million in assets and $911 million in liabilities. The plan experienced low investment returns and a benefit structure that had been increased without raises in funding.

6. What Is a Personal Pension Plan, and How Can I Use One? - AOL

   www.aol.com/finance/personal-pension-plan-one...

   A personal pension plan is a type of long-term savings scheme where individuals contribute funds that are invested to provide income upon retirement. Unlike workplace pensions, personal pensions ...

7. Traditional pension plans are pretty rare. But here’s who ...

   www.aol.com/traditional-pension-plans-pretty...

   A DC plan (such as a 401(k) or a profit-sharing plan) generally puts the burden of saving and investing on the employee, and the employer decides whether and how much to contribute to a worker’s ...