Different Types of Pension Plans

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What Is the Difference Between Retirement Plans and Pension Plans?

A pension plan is usually related to employment: an employer promises an employee a certain amount for retirement associated with that employee’s work.

While some retirement plans may be available through employers, it is usually one’s individual responsibility to contribute to a retirement plan.

What Are Some Basic Types of Pension Plans?

There are several types of basic pension plans that are commonly offered by employers. Listed below are the most common types of pension plans:

What Are Some Other Basic Retirement Plans?

Often it is not sufficient to only have a work-related pension plan. Here is a summary of some basic retirement plans:

Seeking an Attorney’s Help

Pension and retirement plans can seem very complicated. An attorney can help you understand your options and can assess whether an employer has violated pension rules.

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Last Modified: 08-24-2016 10:25 PM PDT

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