Employment-related pensions

Employment-related pensions are retirement plans provided by an employer to help employees save for their future. These pensions typically involve the employer contributing money into a fund during the employee’s working years, sometimes alongside employee contributions. The fund grows over time and is used to provide income after retirement. There are different types, like defined benefit plans (which promise a specific payout) and defined contribution plans (where the amount depends on investment performance). These pensions are a key part of retirement planning, offering financial security once you stop working.