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How do pensions work?

A pension is a workplace retirement plan designed to help people have income after they stop working. In simple terms, it’s a ...
A pension plan is a retirement account funded and managed by your employer, guaranteeing income for life after you retire. Unlike a 401(k), a pension doesn’t rely on the stock market — your employer ...
Retirement income today is rarely generated from a single source. It is typically built from a combination of the state pension, workplace or personal pensions, and other assets, each playing a ...