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A Retirement plan is an arrangement to provide people with an income, or pension, during retirement, when they are no longer earning a steady income from employment. Retirement plans may be set up by employers, insurance companies, the government or other institutions such as employer associations or trade unions. Retirement plans are more commonly known as pension schemes in the UK and Ireland and superannuation plans in Australia.

Types of retirement plans[]

There are many types of Retirement plans:

  • Defined contribution plans
  • Defined benefit plans
  • Hybrid plans

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External resources[]

If you want to add personal links, please do that on your user page - you can also write your profile there. If you have a link with great content that persons using Finance Wikia need, you can add it at Retirement Plan/Links


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