Pension Programs

Pension programs are retirement plans that provide employees with income after they stop working. Typically funded by contributions from both employers and employees during their working years, these plans are designed to ensure financial stability in retirement. The pension fund invests these contributions to grow the savings over time. When the employee retires, they receive regular payments based on factors like salary history and years of service. Pension programs are a key part of retirement planning, offering a dependable income stream to help retirees maintain their standard of living.