A pension is a retirement account that an employer maintains to give you a fixed payout when you retire. It's a kind of defined benefit plan. Your payout typically depends on how long you worked ...

Avoid taking out an advance against your pension; interest on these loans is steep, and you could take a huge tax ...

The specifics of what happens to your pension are contingent on the type of pension plan you hold and its particular terms ...

Not very. The percentage of workers in the private sector whose only retirement account is a defined benefit pension plan is now 4%, down from 60% in the early 1980s. About 14% of companies offer ...

If you have a defined contribution scheme – the most common pension type in the private sector – you can take a quarter (25pc ...

If you could not find another investment vehicle that can provide you that type of ongoing monthly income, then you could have a great option by taking the pension payout each month for life.

Here's a closer look at how this type of qualified retirement plan works and how it stacks up to the more common defined contribution retirement plans. Pensions: These provide retirement income ...

Now, if you choose to purchase the insurance outside of the pension system, it is critical that the type of policy you purchase and the amount of insurance obtained are in alignment with what you ...

National Pension Service aims to enter fund-type retirement pension market in Korea Pension reform advocates highlight the strategic move by Koreas top pension fund to enter the retirement savings ...