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  2. Pension - Wikipedia

    en.wikipedia.org/wiki/Pension

    On retirement, the member's account is used to provide retirement benefits, sometimes through the purchase of an annuity which then provides a regular income. Defined contribution plans have become widespread all over the world in recent years, and are now the dominant form of plan in the private sector in many countries.

  3. Pensions in India - Wikipedia

    en.wikipedia.org/wiki/Pensions_in_India

    The employee contributes 10% of his gross salary to the system while the employer contributes a matching amount. At the official age of retirement, the employee can withdraw 60% of the amount as a lump sum while 40% needs to be compulsorily used to buy annuity that will be used to pay a monthly pension. The system tries to achieve a target of ...

  4. National Pension System - Wikipedia

    en.wikipedia.org/wiki/National_Pension_System

    NPS is an attempt by the government to create a pensioned society in India. Today, the NPS is readily available and tax efficient under Section 80CCC and Section 80CCD. Under the NPS, an individual can contribute to his retirement account. Also, his employer can contribute to the welfare and social security of the individual.

  5. A $200,000 Annuity Can Score You This Much Cash - AOL

    www.aol.com/much-does-200-000-annuity-120000564.html

    An annuity can be a useful investment option that adds value to your retirement. But it’s not the right choice for everyone. Depending on your financial circumstances you may want to also ...

  6. Social security in India - Wikipedia

    en.wikipedia.org/wiki/Social_security_in_India

    The employee contributes 10% of his gross salary to the system while the employer contributes a matching amount. At the official age of retirement, the employee can withdraw 60% of the amount as a lump sum while 40% needs to be compulsorily used to buy annuity that will be used to pay a monthly pension. The system tries to achieve a target of ...

  7. Defined benefit pension plan - Wikipedia

    en.wikipedia.org/wiki/Defined_benefit_pension_plan

    Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns. Traditionally, many governmental ...