Retirement Planning

Mortality studies show that most people will need retirement income for at least 15 years. This, combined with the uncertainty of investment returns and inflation, makes retirement planning a critical topic in today's business and political spectrums.
Generally exists three retirement ages: normal (65), early (55), and late(70).
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Retirement Benefits

Private pension plans basically use two types of retirement-benefit formulas. The first is the defined-contribution or money-purchase plan and the second is the defined-benefit plan (the most popular formula).
Also you can find some words about integrated plans (the offset and the excess plans).
Retirement Benefits

History of Pension Plans

Do you know history of pensions plans? The earliest private pension plans in the United States were those of the American Express Company in 1875 and of the Baltimore and Ohio Railroad in 1880.
See more on  Pension Plans history

The Pension Benefit Guaranty Corporation (PBGC)

Section is about Pension Benefit Guaranty Corporation (PBGC). There you can recognize that the PBGC is the federal corporation that administers the pension insurance program established by the Employee Retirement Income Security Act, the pension law enacted in 1974 to safeguard the pension security of working Americans. PBGC insures workers in most private-sector defined benefit pension plans in the event that their plans do not have sufficient assets to pay benefits if the plans are terminated because of the bankruptcy or other financial distress of the sponsoring employers. Pension Benefit Guaranty Corporation (PBGC)

Individual Retirement Account (or IRA)

Do you know that under provisions of the pension-reform act passed by the U.S. Congress in 1974, the Individual Retirement Account (IRA) was authorized to establish an individual, tax-sheltered retirement savings program for workers and unemployed spouses not covered by an employer - sponsored pension or other qualified retirement plan? Different types of IRAs: Roth IRA, Traditional IRA, Sep IRA, Simple IRA, Self-Directed IRA .
Individual Retirement Account (IRA)

Simplified Employee Pension (SEP-IRA)

Created by Congress and monitored carefully by the Internal Revenue Service, SEPs are designed to give small business owners and employees the same ability to set aside money for later retirement as traditional large corporate pension funds.
Read  Simplified Employee Pensions

401 (k) Plan

In early 1995, 401 (k) plans ranked among the most popular and fastest-growing types of retirement plans in America. A 401 (k) plan is a tax-deferred, defined-contribution retirement plan. In benefits parlance, employers offering 401 (k)s are sometimes called "plan sponsors" and employees are often known as "participants." Most 401 (k)s are qualified plans, meaning that they conform to criteria established in the Economic Recovery Tax Act of 1981 (ERTA). 401(k)plan

US Pensions System

The American pension movement has evolved partly as a result of a significant economic, political, and social development: the progressive increase in the number and proportion of the population aged 65 and over.Types of Pension Plans: contributory or noncontributory; fixed or variable benefit; group or individual; insured or trustee; private or public; and single- or multi-employer. US pensions system