Changes

A '''Pension''' is a benefit paid to people [[retired]] after their [[employment]].   

A '''Pension''' is a benefit paid to people [[retired]] after their [[employment]].   

Two major types of Pensions exist, Defined Benefit Plans, where the benefit (or payment) is known to the employee; and a Defined Contribution Plan, where the amount contributed to the plan (plus any income or gains) is known and used to fund the retirement.

Two major types of Pensions exist, Defined Benefit Plans, where the benefit (or payment) is known to the employee; and a Defined Contribution Plan, where the amount contributed to the plan (plus any income or gains) is known and used to fund the retirement.

[[Social_Security{Social Security]] Plans can supplement the Pensions of individuals, in addition to other savings that a person may have to fund retirement living.

[[Social_Security|Social Security]] Plans can supplement the Pensions of individuals, in addition to other savings that a person may have to fund retirement living.