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 Posted: Wed Oct 31, 2007 1:48 pm Post subject: what is meant by pension plan? |
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| defenition of pension plan. |
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paulsoninjust
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| Posted: Wed Oct 31, 2007 5:21 pm Post subject: |
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Pension Plan is a type of retirement plan. If you are eligable when you retire your company pays you money monthly or quarterly usually. I would have to look at the plan to give you more detual...but it is a form of retirement plan.
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nique1221
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| Posted: Thu Nov 01, 2007 6:05 am Post subject: |
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Hi paulsoninjust, pension plans help you to build assets to secure your retired life. You can choose a plan from the existing plans in the market and invest on a regular basis till the age you retire. Upon attaining the retirement age you will receive annuities from the plan. Depending upon the nature of the policy you have chosen, you can either receive the entire retirement amount in lump sum or can receive it as monthly allowance.
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RupertWBradson
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| Posted: Thu Nov 01, 2007 6:20 am Post subject: Welcome! |
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Hi paulsoninjust,
nique1221 is absolutely right!
It is nothing but an income scheme that gets you the normal flow of life through a monthly income-like stable payment process that you may look forward to after you retire. This is just an effort to let someone feel secured for the later part of his life & thus store a part of his income now for all those uncertain years. Hope you got it now, Fatman |
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fatman
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| Posted: Thu Nov 01, 2007 6:45 am Post subject: |
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Hey there, just don't forget that your premium contribution for the entire tenure should not create a fund that differs too much from the contributions towards you from their end. Thats it!
ColRadderblue
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ColRadderblue
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| Posted: Thu Nov 01, 2007 11:27 pm Post subject: |
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Here's somewhere you can look for some info. Granted, it's Wikipedia(which should always be taken with a grain of salt), but it's not bad...
http://en.wikipedia.org/wiki/Pension_plan
Hope this helps a bit!
InsTeacher 
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InsTeacher
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| Posted: Fri Nov 02, 2007 3:01 pm Post subject: |
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Pension Plan is a type of retirement plan.pension plans help you to build assets to secure your retired lifethat for sure as i know.
If you are eligable when you retire your company pays you money monthly or quarterly usually but as to say Depending upon the nature of the policy you have chosenyou can either receive the entire retirement amount in a lump sum or you do receive it in form of ur monthly wages.
its a pretty gd plan to go for as i feel |
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intelligentassasinator
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| Posted: Sun Mar 29, 2009 4:53 am Post subject: |
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pension plan is basically a type of retirement plan to secure your retirement. i don't have much to say, everything is covered above -.-
so i just gave the basic idea |
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IcEcrEaM88
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