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Pension plan

• A fund that is established for the payment of retirement benefits.

• A plan set up by one or more employers to pay retirement benefits to employees. See defined benefit plan, defined contribution plan.

 
 Embedded terms in definition
 Defined benefit plan
Defined contribution plan
 
 Related Terms
 

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What to Know Before Declaring Your Financial Independence: Twenty-somethings may not realize it, but every time they enter a new phase of their life as young adults - perhaps starting college, a career or a family - they're also venturing into a new world of money management. Here are ways to be prepared. More...

Change before you have to. - Jack Welch

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